Photo by Jnpet, Wikimedia Commons, CC BY-SA 3.0
Sensex, Nifty end higher after healthcare-led recovery
The Sensex closed 286.98 points higher at 77,656.09 and the Nifty 50 gained 115.50 points to 24,334.55, recovering from a weak start led by healthcare and pharma stocks.
Indian equity benchmarks closed higher on Tuesday, recovering from a weak start to end the session in positive territory.
The BSE Sensex rose 286.98 points, or 0.37%, to close at 77,656.09.
The Nifty 50 gained 115.50 points, or 0.48%, to settle at 24,334.55.
The recovery came despite the indices opening in the red amid mixed global cues, as Asian markets slipped following a tech-led sell-off on Wall Street overnight.
The BSE Sensex had opened in the red, dropping 73.62 points to 77,295.49, while the Nifty 50 opened 43.3 points lower at 24,175.75, as Asian markets tracked a tech-led sell-off on Wall Street overnight.
Brent crude remained around $92 a barrel through the session, with fresh US sanctions on Iran and broader geopolitical uncertainty continuing to weigh on investor sentiment.
Brent crude remained around $92 a barrel through the session, with fresh US sanctions on Iran and broader geopolitical uncertainty continuing to weigh on investor sentiment.
US Treasury Secretary Scott Bessent’s announcement of fresh sanctions against Iran, along with threats of retaliation against nations doing business with the country, contributed to volatility in oil prices during the day.
Healthcare and pharma stocks led the recovery, with Adani Enterprises, Max Healthcare Institute and Apollo Hospitals Enterprise among the top gainers on the Nifty 50 index.
The session’s rebound came despite the weak start, underscoring how domestic buying interest helped offset the early drag from global cues.
Markets have shown a pattern of volatile opens followed by recoveries through several sessions this month, with investors closely tracking both global commodity prices and domestic corporate earnings.
Broader market breadth was mixed through the session, with advancing stocks roughly in line with declining ones even as the headline indices finished comfortably higher.
The BSE Sensex had opened in the red, dropping 73.62 points to 77,295.49, while the Nifty 50 opened 43.3 points lower at 24,175.75, as Asian markets tracked a tech-led sell-off on Wall Street overnight.
Photo by Jnpet, Wikimedia Commons, CC BY-SA 3.0