Benchmark indices in the Indian market witnessed a significant surge on Tuesday, reaching record highs. The Sensex gained by 0.4 per cent, hitting an all-time high of 77,366.78, while the Nifty saw a rise of 0.39 per cent, reaching a record level of 23,579.05. Similarly, the broader market also experienced substantial gains, with the Nifty Midcap closing significantly higher by 0.48 per cent and reaching a record high of 55,523.20. The standout performer was the Nifty Smallcap, which soared impressively by 1.08 per cent, hitting an all-time high of 18,238.55. The positive market sentiment was reflected in the sectoral landscape as well, with sectors such as Nifty Realty, Nifty Bank, and Nifty Financial Services emerging as top gainers, while Nifty Media, Nifty Pharma, and Nifty Metal witnessed losses. Key stocks that performed well included Shriram Finance, Power Grid Corporation, and Wipro, while Maruti, Dr Reddy’s Laboratories, and Tata Steel faced declines. Overall, the market showed a positive sentiment with more advancing stocks compared to declining ones. India VIX, indicating market volatility, marginally increased by 1.68 per cent, reflecting a slight decrease in volatility. The positive momentum in the market was driven by various factors, such as the performance of different sectors, individual stock movements, and overall market sentiment.
