Indian Stock Markets on Tuesday ended with strong gains led by banking stocks, and positive cues from the global markets. At close, Sensex was up by 394.50 points or 0.54% at 73,918.76 while Nifty was at 23,242.10, up by 119.10 points or 0.52%.
Bank Nifty climbed nearly 2 percent and PSU lenders led the rally. The development came after the Reserve Bank of India (RBI) released operational details of its concessional forex swap facilities aimed at attracting overseas capital inflows.
The performance of leading PSU banks was Bank of Baroda jumped 5 percent, Canara Bank 3.7 percent, Punjab National Bank 3.6 percent, Union Bank of India 2.1 percent while State Bank of India climbed nearly 2 percent.
Vinod Nair, Head of Research, Geojit Investments Limited said, “Domestic markets are witnessing a mild recovery after the recent sharp decline, supported by a pause in Iran-Israel tensions and softer crude prices. However, sentiment remains fragile, with continued FII outflows and higher bond yields highlighting persistent concerns around evolving global macro dynamics. Focus is now on the upcoming US inflation data, which will be key in shaping expectations on Fed policy and global liquidity, especially given resilient US economic data.”
“In the near term, markets are likely to remain volatile and range-bound, with investors staying cautious until clearer global cues emerge, even as Q4FY26 earnings were slightly better while the outlook for Q1FY27 remains weak.”