India’s stock markets closed on a positive note on Tuesday as concerns around HMPV eased with increased surveillance across the country. The domestic benchmark indices showed gains amid supportive global trends, with buying interest observed in sectors such as metal, media, energy, commodities, PSU bank, financial services, pharma, and FMCG.
The Sensex closed at 78,199.11, up 234.12 points or 0.30 percent, while the Nifty settled at 23,707.90, gaining 91.85 points or 0.39 percent.
The Nifty Bank index closed at 50,202.15, higher by 280.15 points or 0.56 percent. The Nifty Midcap 100 index ended at 56,869.3, rising 502.35 points or 0.89 percent, and the Nifty Smallcap 100 index closed at 18,673.45, up 248.20 points or 1.35 percent.
On the Bombay Stock Exchange (BSE), 2,627 shares advanced, while 1,356 shares declined, with 103 shares remaining unchanged.
Market experts attributed the recovery to positive global cues and reduced HMPV-related concerns, with markets recovering partially after the previous session’s sell-off. Trading remained range-bound ahead of the first advance estimates for India’s FY25 GDP.
Among sectors, auto, IT, and consumption segments saw losses.
In the Sensex pack, companies like Tata Motors, ICICI Bank, Asian Paints, Nestle India, UltraTech Cement, L&T, Adani Ports, Tata Steel, IndusInd Bank, Titan, Hindustan Unilever Limited, Sun Pharma, and SBI ended as gainers. On the other hand, Zomato, HCL Tech, TCS, Tech Mahindra, Kotak Mahindra Bank, Infosys, and Bajaj Finserv recorded losses.
Foreign institutional investors (FIIs) offloaded equities worth Rs 2,575.06 crore on January 6, while domestic institutional investors purchased equities worth Rs 5,749.65 crore on the same day.
Experts advised investors to remain cautious and monitor price movements as markets approach key support and resistance levels.
–IANS
