Indian Equity Markets End the Day Strongly in Green

Mumbai, July 29 – After three consecutive days of losses, Indian benchmark indices rebounded strongly on Tuesday, led by a sharp uptick in blue-chip stocks including Reliance Industries and HDFC Bank. Sensex closed the day, up by 446.93 points or 0.55%. Nifty 50 closed the day, up by 140.2 points or 0.57%.

Key Highlights

The biggest winners were Reliance Industries (2.21 per cent), HDFC Bank, L&T and Tata Motors. Even as the rally took place, the Foreign Institutional Investors (FIIs) continued to be net sellers, shedding 6,082 crore worth of shares on Monday.

Market Performance

The BSE Sensex jumped 446.93 points or 0.55% to settle at 81,337.95, recovering from Monday’s sharp loss. In intraday trade, the index had surged as much as 538.86 points to touch 81,429.88.

The NSE Nifty 50 also witnessed a robust recovery, gaining 140.20 points or 0.57% to end at 24,821.10.

This marked a sharp reversal after Monday’s session, where the Sensex had plunged 572.07 points and the Nifty had dropped 156.10 points, weighed down by concerns over global cues and persistent foreign fund outflows.

Top Gainers and Laggards

Among the Sensex constituents, Reliance Industries led the charge with a 2.21% gain. Other major gainers included:

• Larsen & Toubro
• Asian Paints
• Tata Motors
• Adani Ports
• Tata Steel
• Maruti
• Bharti Airtel
• Bajaj Finance
• HDFC Bank

On the flip side, Axis Bank, Tata Consultancy Services (TCS), Titan, and ITC were among the top losers of the day.

Foreign Investment & Global Cues

Despite the recovery in domestic markets, Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹6,082.47 crore on Monday, as per exchange data.

In the global context, the picture was mixed:

• Japan’s Nikkei 225 and Hong Kong’s Hang Seng ended in the red
• South Korea’s Kospi and China’s Shanghai Composite closed with gains
• European markets traded higher in early sessions
• US markets had a mixed close on Monday

Crude Oil Update

The global benchmark Brent crude rose 0.63% to USD 70.48 per barrel, offering some support to oil-sensitive sectors.

Tuesday’s rebound suggests strong resilience in Indian equities despite global uncertainties and FII outflows. Focus now shifts to the upcoming domestic macro data and the outcome of India-US trade talks.

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