Markets maintained cautious gains in afternoon trading Tuesday, with the Sensex rising 35.97 points to 82,481.18 and the Nifty advancing 31.45 points to 25,134.65, as investors continued to monitor US-China trade negotiations while assessing sectoral performance.
The Sensex opened higher at 82,643.73 compared to its previous close of 82,445.21, while the Nifty started at 25,196.05 against its previous close of 25,103.20. Both indices have maintained modest gains through the afternoon session, with the Sensex up 0.04 per cent and the Nifty gaining 0.13 per cent.
Grasim Industries emerged as the top performer on the Nifty50, surging 4.06 per cent to 2,714.50, followed by Tech Mahindra which gained 2.75 per cent to 1,622.50. Dr Reddy’s Laboratories climbed 2.04 per cent to 1,346.00, while Adani Enterprises advanced 1.99 per cent to 2,633.60. Tata Motors rounded out the top gainers with a 1.90 per cent rise to 731.45.
On the downside, Eicher Motors led the decliners, falling 1.45 per cent to 253.11, while Trent dropped 1.30 per cent to 5,836.50. SBI Life Insurance declined 0.92 per cent to 1,774.30, and ICICI Bank slipped 0.81 per cent to 1,423.20. Sun Pharmaceutical Industries fell 0.74 per cent to 1,681.80.
Sectoral indices showed mixed performance, with the Nifty Financial Services index declining 0.46 per cent to 26,868.75 and the Nifty Bank index falling 0.31 per cent to 56,661.55. The broader Nifty Next 50 gained 0.25 per cent to 69,009.95, while the Nifty Midcap 100 edged up 0.10 per cent to 59,728.60.
Market breadth remained positive on the BSE, with 2,154 stocks advancing against 1,721 declines out of 4,034 traded stocks. A total of 119 stocks hit 52-week highs compared to 26 touching 52-week lows. Additionally, 256 stocks hit the upper circuit while 155 were locked in the lower circuit.
The afternoon session reflected the morning’s mixed sentiment as investors awaited further developments from ongoing US-China trade discussions. Market participants remained focused on global cues while monitoring domestic sectoral rotation, with broader indices continuing to show resilience despite selective pressure on banking and financial services stocks.