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Closing Bell: Sensex Settles 360 pts Higher, Nifty 50 Crosses 25,700; IT & Auto Sectors Among Top Leads

Stock Market Live Updates: Stock market ended on a positively for the second day this week. The BSE Sensex closed 335.97 points higher, or 0.40%, at 83,871.32, while the NSE Nifty 50 advanced 120.60 points, or 0.47%, to settle at 25,694.95.

The Indian stock market opened flat on Tuesday, with Nifty 50 trading

Gift Nifty on Tuesday indicated a positive start for Nifty and Sensex. Both the benchmarks closed with gains in the earlier session as investors showcased confidence in the Indian stock market.

As per the early cues US stock market also ended in green, whereas Asian stock market indices were trading in green early Tuesday.

Closing Bell: Sensex Settles 360 pts Higher, Nifty 50 Crosses 25,700

"Global cues also supported the move, as progress toward avoiding a U.S. government shutdown boosted investor confidence. By the close, the Sensex gained 319 points or 0.38% to end at 83,535.35, while the Nifty rose 82 points or 0.32% to 25,574.30. Most sectors saw buying interest, led by IT and pharma, along with strength in metal and energy stocks. Realty and FMCG, however, closed slightly lower. The Nifty Midcap index added 0.5%, and the Small-cap index was up 0.35%," stated Bajaj Broking in its commentary.

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For Nifty 50's outlook, the brokerage added, "Nifty has formed a bull candle on the daily chart with a higher high and higher low signaling follow up buying to previous session pullback from the 50 days EMA. Going ahead, we expect index to hold above the support area of 25,200-25,400 and gradually head towards the immediate resistance of 25,850 and then towards the recent 52 weeks high of 26,100 in the coming weeks."

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