
The stock market witnessed a muted trading session on Tuesday, with benchmark indices closing marginally higher after a volatile day marked by profit-booking and sectoral divergences. The Sensex settled at 78,017.19, up a modest 32.81 points or 0.04 per cent, while the Nifty 50 ended at 23,668.65, inching up 10.30 points or 0.04 per cent.
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IT stocks were the standout performers, gaining nearly 1%, while sectors like Defence and PSU Banks faced selling pressure.
The day’s trading was characterized by an initial surge following positive global cues, particularly signals from former U.S. President Donald Trump about potentially softer reciprocal tariffs. However, the rally lost momentum as investors consolidated their positions ahead of the financial year-end and the upcoming April 2 tariff deadline.
Top Gainers
UltraTech Cement Ltd. emerged as the top gainer, surging 3.41 per cent to ₹11,428.05, driven by strong institutional buying and positive sectoral outlook. Bajaj Finserv Ltd. followed with a 2.71 per cent rise, closing at ₹1,946.10, on the back of sustained investor interest in financial stocks.
Infosys Ltd. saw a 2.48 per cent increase to ₹1,631.70, benefiting from optimism in the IT sector. Axis Bank Ltd. advanced 1.97 per cent to ₹1,119.60, while HDFC Bank Ltd. gained 1.13 per cent, ending at ₹1,821.45, as banking stocks remained in focus.
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Top Losers
Zomato Ltd. led the declines, plunging 5.79 per cent to ₹209.80, amid concerns over potential regulatory changes affecting the food delivery industry. IndusInd Bank Ltd. followed, dropping 4.76 per cent to ₹637.30, as profit-booking weighed on banking counters.
Adani Ports & SEZ Ltd. slipped 1.44 per cent to ₹1,183.30, while Mahindra & Mahindra Ltd. (M&M) declined 1.39 per cent to ₹2,736.80. Reliance Industries Ltd. also ended lower, shedding 1.23 per cent to ₹1,285.40, amid pressure in energy stocks.
The session highlighted a sectoral split, with financials and IT stocks supporting the market, while losses in heavyweights like Reliance, M&M, and Adani Ports capped gains.
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