Indian equity benchmarks rallied on Tuesday after a round of better-than-expected quarterly results from key companies, lifting investor sentiment. The Nifty 50 climbed about 0.47 percent to 25,166.70, while the BSE Sensex rose roughly 0.37 percent to 81,844.82, rebounding from recent losses as buying interest broadened across sectors.
Strong performances from firms such as UltraTech Cement, JSW Steel and Axis Bank helped buoy the market, with Axis Bank shares jumping over 5 percent on surprising profit growth. Thirteen out of sixteen major sectoral indices ended in positive territory, led by mid-cap and small-cap gains.
However, auto stocks faced downward pressure amid reports of potential tariff cuts on European car imports as part of a new India-EU trade pact, prompting caution in that segment. Despite mixed cues, market participants said earnings momentum in key pockets remains a key driver for near-term sentiment.
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