Indian equities extended gains for a third session after a US-Iran peace deal lowered oil prices. The Nifty touched 24,002 intraday. Metal stocks fell. FII turned net buyers. Focus now on Fed.
Alpha Score of 55 reflects moderate overall profile with weak momentum, moderate value, moderate quality, moderate sentiment.
Indian equity benchmarks rose for a third consecutive session Tuesday, the Nifty 50 touching an intraday high of 24,002.60 before closing at 23,989.15, up 135 points. The Sensex settled at 76,808.48, a 544-point gain.
The rally followed a preliminary US-Iran peace deal that reduced fears of oil supply disruptions and sent crude oil prices lower, according to Vinod Nair, head of research at Geojit Investments. The agreement lowered geopolitical risk premiums and improved global risk appetite, wrote Ponmudi R, CEO of Enrich Money.
“Investor sentiment remains measured ahead of the upcoming US Fed policy meeting, the first under the newly appointed Chair. While the benchmark interest rate is widely anticipated to hold steady, market participants will pay close attention to the forward guidance and commentary on the trajectory of monetary policy,” Nair said.
Foreign institutional investors turned net buyers Monday for the first time this month, helped by falling crude and a recovering rupee, said Ankur Punj, MD & Business Head at Equirus Wealth. The rupee strengthened for a third straight day. Its near-term path depends on the Fed decision and FII flows, said Jateen Trivedi of LKP Securities.
Sectoral performance diverged. Realty and IT stocks led gainers. Media, FMCG, and oil & gas indices also ended higher. Banking and financial stocks offered moderate support.
Metal stocks bucked the trend, falling on a pullback in global metal prices, market participants said. Hindalco Industries, JSW Steel, Eicher Motors, Maruti Suzuki, and InterGlobe Aviation were among Nifty 50 laggards. On the gainers side, HCL Tech, Tata Consumer Products, NTPC, Bajaj Finserv, and Hindustan Unilever led.
Broader markets participated. The midcap and smallcap indices each rose about 0.4%. The volatility index declined nearly 7% to slip below 14. Market breadth was positive: 1,956 stocks advanced on the NSE, 1,356 declined, and 104 were unchanged. About 83 stocks hit 52-week highs, while 28 touched fresh lows.
Brokerage firm Monarch Networth Capital maintained a constructive outlook, projecting the Nifty 50 to reach 27,000-28,000 in CY2026, supported by earnings recovery, India’s structural growth story, and a favorable monetary policy environment.
Wall Street had rallied overnight after investors welcomed the US-Iran agreement. Asian markets largely ended positive, with Japan’s Nikkei 225 briefly crossing 70,000 for the first time before paring gains after the Bank of Japan raised its key rate to 1%.
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