Tuesday marked the third straight day that the Indian benchmark indices finished higher thanks to increases in IT, FMCG, and real estate companies.
The Nifty was up 26.30 points, or 0.11 percent, at 24,613, and the Sensex was up 51.69 points, or 0.06 percent, at 80,716, at the closing bell.
Coal India, BPCL, HUL, Tata Consumer Products, and Bharti Airtel were the top gainers on the Nifty.
The Realty Index saw a 1.6% increase, while FMCG, IT, Metal, and Telecom all saw 0.3-0.9% increases.
Market analysts claim that because investors are apprehensive about present prices and have lowered their expectations for Q1 FY25 results, the domestic market was unable to sustain its early gains.
This week marks the official start of the earnings season, giving investors a more comprehensive industry outlook.
While traders anticipate the release of the budget next week, the rupee remained steady at 83.58.
Analysts predict that traders will wait to open fresh positions until after the budget is announced, which will provide additional details on the economic outlook.
Positive anticipation for the impending budget, strong foreign institutional investor (FII) inflows, and better-than-expected performance from the IT sector have all contributed to the Indian indices’ sustained upward trend.
