25 August,2026 04:50 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
The domestic benchmark indices recovered from their initial losses to settle higher on Tuesday, driven by late-session buying and easing in crude oil prices, despite lingering geopolitical tensions.
After trading in the negative territory, the 30-share BSE Sensex bounced back and gained 286.98 points, or 0.37 per cent, to settle at 77,656.09. The 50-share NSE Nifty too advanced 115.50 points, or 0.48 per cent, at 24,334.55 supported by late buying.
"Indian benchmark indices staged a recovery in the final hour of trade and closed firmly in positive territory after a volatile session on 25 August, the monthly expiry day. Buying interest strengthened towards the close, helping the Nifty reclaim and sustain above the crucial 24,300 mark. The late-session recovery reflected improved risk appetite despite heightened expiry-related volatility," Bajaj Broking Research said.
Outperforming the broader market, healthcare and financial sectors gained as investors rotated into defensive and domestic-oriented sectors with signs of some stability in domestic bond market.
From the Sensex pack, InterGlobe Aviation, Adani Ports, Infosys, Trent, Titan and State Bank of India were the major gainers.
Eternal, HCL Tech, Power Grid and Bajaj Finserv were among the major laggards.
On Monday, Sensex shed 171.72 points, or 0.22 per cent, to settle at 77,369.11, while the Nifty dipped 32.95 points, or 0.14 per cent, to end at 24,219.05, as investor sentiment remained cautious amid concerns over Iran's threat to restrict transit through the Strait of Hormuz ahead of Washington's sanctions announcement.
"Indian equities are expected to see some recovery following the decline in crude oil prices. Brent crude fell 3.2 per cent to around USD 89 per barrel, its lowest level in a week, as hopes of easing US-Iran tensions provided some relief to oil markets, while developments around Iran and the Strait of Hormuz remain key monitorable for oil prices, the rupee and foreign flows," Siddhartha Khemka Head of Research, Wealth Management, Motilal Oswal Financial Services said.
According to news agency PTI, Brent crude, the global oil benchmark, declined 3 per cent to USD 89.32 per barrel, while Foreign Institutional Investors (FIIs) bought equities worth Rs 1,181.66 crore on Monday.
"The much-anticipated US sanctions against Iran fell short of market expectations, causing crude oil prices and bond yields to moderate from their recent peaks. This relief in energy costs aided a moderately positive close today on the monthly expiry day," Vinod Nair, Head of Research, Geojit Investments said.
"Market participants are now awaiting upcoming inflation data and comments from the Fed Chair later this week for better clarity on the inflation and interest rate outlook. However, near-term cautiousness is expected to continue for Indian equities as unresolved US-Iran tensions keep oil prices and bond yields relatively elevated, leaving investors sensitive to sudden shifts in the Middle East geopolitical landscape," Nair added.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 and Shanghai's SSE Composite index ended higher, while Hong Kong's Hang Seng index marginally declined.
(With inputs from PTI)
