Sensex Ends 270 Points Higher On Late Buying, Gains Support From Asian Markets

Mumbai: The stock market closed higher on Tuesday, with the BSE Sensex rising 270 points, supported by late-session buying in banking and IT stocks, along with positive trends in Asian markets. The 30-share Sensex gained 270.01 points or 0.32 percent, closing at 83,712.51. During the day, it moved between a high of 83,812.31 and a low of 83,320.95, showing a swing of nearly 491 points.

The NSE Nifty also closed higher by 61.20 points or 0.24 percent, settling at 25,522.50 after a mostly quiet trading session. Investors were seen holding back from aggressive buying as they awaited further updates on the proposed India–US trade agreement. There was some relief, however, as the US extended its suspension of reciprocal tariffs on India until August 1.

Among the top gainers on the Sensex were Kotak Mahindra Bank, Asian Paints, NTPC, Infosys, Bharat Electronics Ltd, Adani Ports, and State Bank of India. On the other hand, Titan fell over 6 percent, making it one of the biggest losers. Other laggards included Trent, Axis Bank, Maruti, and Hindustan Unilever.

Global cues also helped the mood. Most Asian stock markets ended in the green, including Japan’s Nikkei, South Korea’s Kospi, China’s SSE Composite, and Hong Kong’s Hang Seng. European markets were mixed in early trade, while the US markets closed lower on Monday.

Commenting on the market, Vinod Nair of Geojit Financial Services said that investors were cautious, waiting for a clear signal on the India–US deal. The US’s move to delay tariff action helped reduce some pressure, but uncertainty still kept markets range-bound.

Meanwhile, Brent crude oil prices slipped by 0.59 percent to $69.17 per barrel. On the investment front, Foreign Institutional Investors (FIIs) bought shares worth ₹321.16 crore, while Domestic Institutional Investors (DIIs) were net buyers of ₹1,853.39 crore.

On Monday, Sensex had ended just 9.61 points higher, while Nifty remained flat at 25,461.30.

(With PTI Inputs)