📷 Image Credits: Benzinga India
On Tuesday, the Indian stock market saw significant movements as the Nifty 50 closed 0.35% higher at 24,586.70, hitting a new all-time high of 24,635.05. Among the top gainers was Oil and Natural Gas Corporation (ONGC), which surged by 5.01% to close at ₹322.5 per share, up from its previous close of ₹307.1. This increase came after positive outlooks from global brokerage Jefferies and continued policy support from the Indian government. Other top performers included SBILIFE, Shriram Finance, SBI, and Bajaj Auto, with gains ranging from 2.57% to 3.24%. On the flip side, LTIMindree experienced the biggest decline of the day, with its stock price falling by 1.70%. Vinod Nair of Geojit Financial Services highlighted the market’s optimism driven by expectations from the upcoming Union Budget, robust FII inflows, and positive results from various sectors. Meanwhile, Rupak De of LKP Securities noted technical trends in the market, indicating potential support and resistance levels. As the market heads towards the budget announcement, investors are closely watching key factors affecting different sectors. Stay updated with the latest market news and trends on HeadlineFly.com.
