Indian markets ended on a positive note as Sensex surged by 502.01 points and Nifty 50 closed at a new high. IT stocks performed well despite muted Q1 earnings. Top gainers included TCS, Infosys, and Tech Mahindra. Top losers included M&M and Power Grid.
Indian markets ended mixed due to global trends and moderation in service PMI data. Sensex ended slightly down while Nifty 50 ended slightly up. Bank Nifty settled lower and India s volatility index surged.
Indian markets cheered on Tuesday as Sensex zoomed over 63,400 and Nifty 50 ended above 18,800, with banking and financial stocks performing well after merger updates from HDFC. Midcap and smallcap stocks also gained traction, and India s volatility index decreased by over 5.4%.
Traders were bullish in Indian markets on Tuesday after CPI inflation eased to 25-month low which increases the possibility of a rate cut in the forthcoming monetary policies. Sensex and Nifty 50 zoomed closer to their lifetime highs.