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Sensex: The 30-share BSE Sensex concluded the Tuesday session with gains, rising by 454.67 points or 0.63% to reach 72,186.09.
Nifty 50: Similarly, the Nifty 50 ended positively at 21,929.40, up by 157.70 points or 0.72%.

Nifty Performance: Nifty opened on a positive note and sustained momentum throughout the session, closing near the day’s high with gains of 158 points (+0.7%) at 21,929 levels.
Broader Market: The Midcap100 and Smallcap100 indices also ended in the green, rising by 1.2% and 0.8% respectively.
Sector Performance: Except for Banks and FMCG, all sectors witnessed gains, with Oil & Gas and IT emerging as the top gainers, up by 3%.
Bumper Debut: BLS e-services made a remarkable debut, listing at a premium of 129% and closing with total gains of 175% from the IPO price.

Majority of the European and Asian markets traded positively, supported by healthy earnings updates and signs of fresh stimulus in China.

Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd., anticipates the market to sustain its positive momentum, driven by sectorial rotations and supported by strong services PMI data.
The key event to watch is the RBI’s monetary policy, with expectations of maintaining status quo while analysts eagerly await commentary for hints on a rate cut.

Rupak De, Senior Technical Analyst at LKP Securities, suggests a predominantly sideways trend for Nifty. A breakout above 21950 could propel it towards 22200, while a decline below 21850 might trigger a correction towards 21700.

Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, notes subdued trading in Bank Nifty, awaiting a breakout. Support lies at 45500, with a hurdle at 46000. A breakthrough above 46000 could drive the index towards 46500.

Gaurang Shah, Senior Vice President at Geojit Financial Services, predicts a consolidation period post the budget week, with a range between 21,600-21,700 and 21,900-22,100.

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