Indian equity markets experienced a significant rally on Tuesday, with the Sensex reaching an intraday high of 76,724.62 and the Nifty climbing to 23,997.80, extending a two-session surge driven by an agreement between the US and Iran to reopen the Strait of Hormuz, which eased global energy market concerns, and a positive global economic backdrop that saw major US and Asian markets advance. This optimism was further bolstered by a crucial shift in foreign investor sentiment, as Foreign Institutional Investors (FIIs) became net buyers after thirteen consecutive sessions of selling, injecting ₹200.05 crore into the market, and contributing to gains across most sectors, although some individual stocks, particularly aluminium makers, declined due to falling global commodity prices.

Indian equity markets experienced a significant rally on Tuesday, with the Sensex reaching an intraday high of 76,724.62 and the Nifty climbing to 23,997.80, extending a two-session surge driven by an agreement between the US and Iran to reopen the Strait of Hormuz, which eased global energy market concerns, and a positive global economic backdrop that saw major US and Asian markets advance. This optimism was further bolstered by a crucial shift in foreign investor sentiment, as Foreign Institutional Investors (FIIs) became net buyers after thirteen consecutive sessions of selling, injecting ₹200.05 crore into the market, and contributing to gains across most sectors, although some individual stocks, particularly aluminium makers, declined due to falling global commodity prices.

Indian equity markets experienced a significant rally on Tuesday, with the Sensex reaching an intraday high of 76,724.62 and the Nifty climbing to 23,997.80, extending a two-session surge driven by an agreement between the US and Iran to reopen the Strait of Hormuz, which eased global energy market concerns, and a positive global economic backdrop that saw major US and Asian markets advance. This optimism was further bolstered by a crucial shift in foreign investor sentiment, as Foreign Institutional Investors (FIIs) became net buyers after thirteen consecutive sessions of selling, injecting ₹200.05 crore into the market, and contributing to gains across most sectors, although some individual stocks, particularly aluminium makers, declined due to falling global commodity prices.

Indian equity markets continued their upward march on Tuesday, with the Sensex hitting an intraday morning high of 76,724.62, up over 460 points while the Nifty climbed to a morning high of 23,997.80 after adding 143 points. The gains extended a two-session rally of approximately 3 per cent that began after the US and Iran agreed on Sunday to reopen the Strait of Hormuz, easing pressure on global energy markets.

A broadly positive global backdrop powered the mood on Dalal Street. US markets ended strongly overnight, with the Nasdaq Composite jumping 3.07 per cent to close at a fresh record high, the S&P 500 surging 1.65 per cent, and the Dow Jones Industrial Average climbing 0.92 per cent. Across Asian markets, South Korea's Kospi, Japan's Nikkei 225, and China's SSE Composite all moved higher, though Hong Kong's Hang Seng bucked the trend and traded lower. 

Brent crude, which tumbled sharply on Monday, hovered around $82.90–$83 a barrel on Tuesday, still well below recent highs. Some market watchers believe crude is likely to stabilise at $75–$80 a barrel, easing India's current account deficit, averting an inflation shock, and addressing supply chain pressures across sectors.

A significant shift in foreign investor sentiment further lifted confidence. Foreign Institutional Investors (FIIs), who had sold a record $30 billion worth of Indian equities so far in 2026, turned net buyers on Monday after 13 consecutive sessions of selling, purchasing shares worth ₹200.05 crore (i.e., $21.2 million). 

Twelve of the 16 major sectors advanced, while broader markets also gained.

Among individual stocks, IT majors including HCL Tech, TCS, and Tech Mahindra were among the top gainers on the Sensex, while Axis Bank, Tata Steel, Power Grid, and UltraTech Cement lagged. 

Aluminium makers Hindalco Industries and National Aluminium fell close to 4 per cent and 5 per cent respectively, tracking a drop in global aluminium prices. 

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