Indian equity benchmarks, Sensex and Nifty, experienced a significant rebound on Tuesday, ending a six-day slump. The BSE Sensex rose by 584.81 points, or 0.72%, closing at 81,634.81, while the NSE Nifty gained 217.40 points, or 0.88%, to finish at 25,013.15.
This recovery was largely driven by gains in major index heavyweights, including HDFC Bank, Reliance Industries, and Mahindra & Mahindra. Adani Ports emerged as the top gainer, increasing by 4.76%. Other notable gainers included Larsen & Toubro, NTPC, and State Bank of India.
In contrast, several stocks faced declines, with Tata Steel, Titan, and Bajaj Finserv among the laggards. Broader market indices also showed positive momentum, with the BSE Midcap index rising by 1.86% and the BSE Smallcap index advancing by 2.44%.
The market's recovery coincided with the upcoming Reserve Bank of India (RBI) monetary policy committee meeting scheduled for Wednesday, which has heightened investor interest. Additionally, the Haryana election results contributed to market optimism.
Meanwhile, global oil prices saw a decline, with Brent crude falling by 1.84% to $79.44 a barrel.