Representational image | Photo: Mathrubhumi
Mumbai: Indian equity markets continued their strong momentum on Tuesday, with the Nifty 50 rising by 93.15 points (0.39%) to 23,751.50, while the Sensex climbed 311.90 points (0.40%) to 78,296.28 at the opening bell.
The rally has been largely fueled by sustained foreign portfolio investment inflows and positive economic indicators. Over the past six trading sessions, the Nifty has gained 5.6%, reversing its year-to-date losses.
Investor sentiment was further supported by global developments, particularly US President Donald Trump's recent statements suggesting potential exemptions on certain trade tariffs. While auto tariffs remain planned, some proposed levies may not be implemented on April 2, which has helped stabilize global trade concerns.
Sector-wise, all 13 major market segments opened in the green, with small-cap and mid-cap indices rising approximately 0.7%. Among key sectoral gainers, financials, IT, and energy stocks saw positive momentum.
Asian markets presented a mixed trend, while US stocks ended higher in the previous session, further aiding positive sentiment in the Indian markets. As traders monitor upcoming global economic data and corporate earnings, Indian indices remain on an upward trajectory.
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