India’s stock markets closed higher on Tuesday as concerns about HMPV abated due to improved surveillance across the country. Domestic benchmark indexes rose in response to favourable global trends, with purchasing interest seen in sectors including metals, media, energy, commodities, PSU banks, financial services, pharmaceuticals, and FMCG.
The Sensex closed at 78,199.11, up 234.12 points or 0.30 per cent, and the Nifty settled at 23,707.90, up 91.85 points or 0.39 per cent.
The Nifty Bank index closed at 50,202.15, up by 280.15 points, or 0.56 per cent. The Nifty Midcap 100 index closed at 56,869.3, up 502.35 points (0.89 per cent), while the Nifty Smallcap 100 index closed at 18,673.45, up 248.20 points (1.35 per cent).
On the Bombay Stock Exchange (BSE), 2,627 shares rose, 1,356 dropped, and 103 were unchanged.
Market observers attributed the recovery to good global cues and lessened HMPV-related concerns, as markets recovered largely from the previous session’s sell-off. The market remained range-bound ahead of the first advance projections for India’s FY25 GDP.
The car, IT, and consumption sectors also experienced losses.
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 all finished higher on the Sensex. On the other hand, Zomato, HCL Tech, TCS, Tech Mahindra, Kotak Mahindra Bank, Infosys, and Bajaj Finserv all suffered losses.
On January 6, foreign institutional investors (FIIs) sold equities worth Rs 2,575.06 crore while domestic institutional investors bought equities worth Rs 5,749.65 crore.
Experts recommended investors exercise caution and observe price swings as markets approach important support and resistance levels.
