The benchmark indices Sensex and Nifty 50 extended their gains for the fourth straight day on Tuesday, supported by strong rallies in blue-chip bank stocks and buying from domestic institutional investors. The BSE Sensex rose by 136.63 points (0.17%) to close at 81,926.75, after hitting an intraday high of 82,309.56. The Nifty 50 added 30.65 points (0.12%) to settle at 25,108.30. Most sectors—12 out of 16—ended higher, with mid-cap and small-cap indices gaining 0.5% and 0.3%, respectively. Financial stocks rose 0.2%, marking their sixth consecutive session of gains, led by HDFC Bank and ICICI Bank, which climbed 0.9% each.
Vinod Nair from Geojit Investments attributed the positive start to global cues and upcoming earnings season optimism, though gains were modest.
Market experts recommended these intraday picks: Ather Energy, UNO Minda, BSE Ltd, JSW Energy, Punjab National Bank (PNB), Hi-Tech Pipes, Rail Vikas Nigam (RVNL), and Transrail Lighting.
Ganesh Dongre suggests buying BSE Ltd at ₹2,230 (target ₹2,450, stop loss ₹2,150), JSW Energy at ₹548 (target ₹580, stop loss ₹530), and PNB at ₹114 (target ₹119, stop loss ₹109).
Shiju Koothupalakkal recommends Hi-Tech Pipes at ₹118.35 (target ₹127, stop loss ₹115), RVNL at ₹354.85 (target ₹375, stop loss ₹347), and Transrail Lighting at ₹757.70 (target ₹800, stop loss ₹740), highlighting strong technical patterns and positive volume trends.
