Wealth creation: Indian stock market closes in green, investors gain big

Mumbai (The Uttam Hindu): Indian stock markets closed in the green on Tuesday. The Sensex gained 136.63 points, or 0.17 percent, to 81,926.75, and the Nifty gained 30.65 points, or 0.12 percent, to 25,108.30.

Buying was seen in midcaps and smallcaps, along with largecaps. The Nifty Midcap 100 index was up 274.30 points, or 0.47 percent, at 58,289.40, and the Nifty Smallcap 100 index was up 55.35 points, or 0.31 percent, at 17,983.40.

Realty stocks led the market rally. The Nifty Realty index closed with a gain of 1.09 percent. Nifty Auto (0.28 percent), Nifty Financial Services (0.24 percent), Nifty Pharma (0.24 percent), Nifty Energy (0.28 percent), and Nifty Infra (0.37 percent) closed in the green. On the other hand, Nifty PSU Bank (0.41 percent), Nifty FMCG (0.53 percent), Nifty Metal (0.28 percent), and Nifty Media (0.48 percent) closed with losses. Bharti Airtel, HCL Tech, UltraTech Cement, Power Grid, Bajaj Finance, HDFC Bank, ICICI Bank, Tata Steel, Eternal (Zomato), and Maruti Suzuki were the top gainers in the Sensex pack. Axis Bank, Tata Motors, Trent, Infosys, SBI, HUL, Kotak Mahindra, BEL, Titan, and TCS were the top losers.

Market experts said that domestic equity markets closed higher on the back of positive sentiments from global markets. This rally is likely to continue due to good expectations for the upcoming earnings season. They further said that sectoral performance was mixed, with financial stocks gaining on the back of reforms announced in the RBI's last policy meeting, while FMCG stocks closed in the red on expectations of weak results. Indian stock markets started on a positive note. At 9:22 am, the Sensex was up 124 points or 0.15 percent at 81,914 and the Nifty was up 40 points or 0.15 percent at 25,115.