Indian equities recorded gains on Tuesday, with key sectors driving the upward trend. The Nifty 50 index witnessed a rise of 0.14%, while the BSE Sensex 30 index gained 0.12%.
Real estate, technology, and consumer durables sectors emerged as the primary drivers of the market’s positive performance. Bharti Airtel, a prominent telecommunications company, emerged as a top gainer, soaring by 3.89% on the BSE Sensex 30. Other notable gainers included Grasim Industries and Nestle India, which climbed by 3.79% and 1.63%, respectively, on the Nifty 50 index.
However, the market also witnessed some significant losses. Sun Pharmaceutical Industries, a leading pharmaceutical company, declined by 3.48% on the BSE Sensex 30. Bharat Petroleum Corporation and Reliance Industries also faced losses, falling by 1.60% and 1.39%, respectively, on the same index.
The India VIX, a measure of volatility in the Nifty 50 options market, dropped by 19.72%, indicating a decrease in implied volatility.
In the commodities market, gold futures for June delivery experienced a decline of 1.42%, while crude oil futures for June delivery witnessed a marginal dip of 0.11%. On the currency front, the USD/INR exchange rate fell slightly by 0.06%, whereas the EUR/INR remained unchanged at 0.00%.
