Markets Rebound to End Higher Despite Weak Start
What Happened
Indian markets erased early losses and closed higher on Tuesday. The Sensex rose 287 points (0.37%) to 77,656.09, while the Nifty gained 115.50 points (0.48%) to settle at 24,334.55. Gains in pharma, healthcare and PSU bank stocks helped offset weakness in private banks and metals.
Key Takeaways
The market showcased resilience despite negative global cues and geopolitical concerns. Strong buying in defensive sectors such as healthcare and pharma pushed benchmarks higher, while fertilizer stocks like FACT and Paradeep Phosphates surged on expectations of stable Russian fertiliser supplies.