Stock markets closed with gains for the third consecutive session

Indian stock markets closed higher for the third consecutive day on positive international cues. Investors’ sentiments were buoyed by hopes that the ceasefire agreement could be extended in the upcoming talks between the US and Iran. As a result, indices registered huge gains in trading on Tuesday. The BSE Sensex gained 753.03 points to settle at 79,273.33 at the close of trading.

Similarly, the NSE Nifty also gained 211.75 points to close at 24,576.60. Buying in heavyweights like Nestle India, Trent and Hindustan Unilever helped the indices rise. The broader markets also witnessed a positive sentiment. The Nifty Midcap gained 0.49 percent and the Smallcap gained 0.88 percent. Sector-wise, the Nifty FMCG and Realty indices performed well, while the Nifty Pharma lagged.

Technically, experts predict that Nifty is facing immediate resistance at the 24,600 level, beyond which it could reach 24,850 and then 25,000 levels. They said that the 24,350–24,400 range will act as immediate support at the lower level.