Mumbai Stock Market Recovers: Sensex and Nifty Surge Amid Blue-Chip Rally

Market Recovery in Mumbai

Mumbai: After experiencing a three-day decline, the benchmark equity indices, Sensex and Nifty, made a notable recovery on Tuesday, driven by a surge in blue-chip stocks such as Reliance Industries and HDFC Bank.

The BSE Sensex, comprising 30 shares, rose by 446.93 points, or 0.55%, closing at 81,337.95. At its peak during the day, it had increased by 538.86 points, reaching 81,429.88.

Similarly, the NSE Nifty, which includes 50 shares, gained 140.20 points, or 0.57%, finishing at 24,821.10.

Among the Sensex constituents, Reliance Industries saw an increase of 2.21%. Other notable gainers included Larsen & Toubro, Asian Paints, Tata Motors, Adani Ports, Tata Steel, Maruti, Bharti Airtel, Bajaj Finance, and HDFC Bank.

Conversely, Axis Bank, Tata Consultancy Services, Titan, and ITC were among the significant decliners.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 6,082.47 crore on Monday.

In the Asian markets, Japan's Nikkei 225 and Hong Kong's Hang Seng indices closed lower, while South Korea's Kospi and Shanghai's SSE Composite index finished positively.

European markets were trading higher, and US markets ended mixed on Monday.

The global oil benchmark, Brent crude, increased by 0.63%, reaching USD 70.48 per barrel.

The stock markets had faced a downturn for three consecutive days prior to this recovery.

On Monday, the Sensex had dropped by 572.07 points, or 0.70%, closing at 80,891.02, while the Nifty fell by 156.10 points, or 0.63%, to 24,680.90.