The SENSEX Index Closes 0.75% Higher

India’s BSE Sensex climbed 568 points to close at 76,070.8 on Tuesday, extending gains for a second straight session, despite rising crude oil prices and sustained foreign outflows amid ongoing geopolitical tensions. Market sentiment was somewhat buoyed by hopes of a full resumption of maritime traffic through the Strait of Hormuz. On the sectoral front, metal and auto stocks outperformed. Tata Steel, Mahindra & Mahindra, Bharat Electronics, Larsen & Toubro, Bharti Airtel and Maruti were among the major gainers, adding between 1.9%-4.4%. Banking stocks also supported the rally, with ICICI Bank, Kotak Mahindra Bank and Axis Bank rising more than 1% each. Shares of techs Infosys, Tata Consultancy Services and HCLTech lagged, falling up to 1.4%. FMCG and certain consumer stocks experienced profit booking, with ITC declining 1.1% and Hindustan Unilever 0.7%.

The SENSEX Index gained 568 points or 0.75 percent on Tuesday to close at 76071 points. Gains were led by Eternal Limited (4.77%), Tata Steel (4.42%) and Mahindra & Mahindra (2.85%). Biggest losers were Infosys (-1.27%), ITC (-1.23%) and Bajaj Finance (-1.04%).

India’s BSE Sensex rose about 0.4% to around 75,793 on Tuesday, extending gains for a second straight session despite market volatility, even as higher crude prices linked to Middle East tensions tempered sentiment. Non-energy minerals, communications, and electronic technology sectors led gains, with notable gainers including ITI (+3.2%), Eternal (+2.9%), BSE (+2%), and Bajel Projects (+6.4%). While oil prices climbed above $103 per barrel amid Middle East shipping disruptions, the broader market showed resilience amid global uncertainties. Foreign investors also sold about $1.01 billion in Indian equities on Monday, with roughly $6.9 billion withdrawn so far in March. Monday’s data showed India’s trade deficit widened to $27.10 billion in February from $14.42 billion a year earlier, below the $28 billion forecast, as higher freight costs and West Asia disruptions weighed, the fuller impact of Gulf tensions is yet to emerge and will pressure trade flows.