Indian Stock Market Shows Resilience with Positive Close
In a day marked by fluctuations, the Indian stock market showed its strength on Tuesday, concluding the session on a high note. Both major indices, Sensex and Nifty, ended in the green, with the Sensex finishing at 79,595.59, up by 0.24%, while the Nifty 50 settled at 24,167.25, gaining 0.17%. The Nifty Bank index also maintained its upward trend, closing at 55,647.20, an increase of 0.62%.
Key Highlights from Tuesday’s Trading Session
Banking Sector Takes the Lead
The banking sector emerged as a significant player in the market today. The Nifty Bank index has surged more than 11% over the last week, driven by robust Q4 earnings reports. Notably, HDFC Bank achieved a remarkable milestone, reaching a market capitalization of over Rs 15 lakh crore, making it only the third Indian company to do so.
- HDFC Bank reported a net profit of Rs 17,616 crore for Q4 FY25, reflecting a 6.6% increase from the previous quarter.
- ICICI Bank also reported impressive results, with an 18% year-on-year profit increase, totaling Rs 12,630 crore.
- YES Bank surprised analysts with a staggering 63% rise in profit, reaching Rs 738 crore.
FMCG Sector Flourishes
The FMCG sector was another bright spot on Tuesday, with the Nifty FMCG index rising by 1.8% to close at 57,193.80. Key players driving this growth included:
- Emami
- Hindustan Copper
- Radico Khaitan
- United Spirits
- ITC
- Hindustan Unilever
Top Performers of the Day
Among the day’s top gainers, ITC led the pack with a 2% increase, followed closely by Hindustan Unilever. Other notable mentions include:
- Mahindra & Mahindra
- Jio Financial Services
- HDFC Bank
- Tata Consumer Products
Notable Declines
On the downside, IndusInd Bank experienced the most significant drop, plummeting by 5%. Other stocks that faced challenges included:
- Power Grid
- Infosys
- Hero MotoCorp
- Bharti Airtel
RBI Eases LCR Norms
Adding to the positive sentiment, the Reserve Bank of India (RBI) announced a relaxation of the liquidity coverage ratio (LCR) requirements, reducing the buffer for internet and mobile banking deposits from 5% to 2.5%.
Return of Foreign Institutional Investors
Foreign Institutional Investors (FIIs) have resumed their bullish stance. Factors such as declining crude oil prices, a weakening US dollar, and easing domestic inflation have solidified India’s status as an attractive destination for global investments.
Gold Prices Reach New Heights
On Tuesday, gold futures soared to unprecedented levels. The price of the yellow metal increased by Rs 1,899, reaching Rs 99,178 per 10 grams. Notably, the October contract on MCX surpassed the Rs 1 lakh mark, peaking at Rs 1,00,484.
Market Overview: Nifty Trading Dynamics
The Nifty index exhibited a mixed performance throughout the day. Here’s a quick snapshot of the trading dynamics:
- Total stocks traded: 2,986
- Stocks that advanced: 1,834
- Stocks that declined: 1,059
- Unchanged stocks: 93
- 52-week highs reached: 71 stocks
- 52-week lows: 11 stocks
- Stocks locked in upper circuit: 155
- Stocks hitting lower circuit: 46
With these developments, the Indian stock market showcases a resilient and dynamic landscape, setting the stage for potential growth in the days ahead.
