Markets extend gains; Sensex up 595 points, Nifty above 25,200

The Indian equity benchmark indices traded on a positive note on Tuesday led by buying across the sectors ,with Nifty above 25,200.At close, the Sensex was up 594.95 points or 0.73 percent at 82,380.69, and the Nifty was up 169.90 points or 0.68 percent at 25,239.10. About 2294 shares advanced, 1470 shares declined, and 131 shares unchanged.
Kotak Mahindra Bank, L&T, Maruti Suzuki, Bharti Airtel, Tata Steel were the top gainers on the Nifty, while losers included Shriram Finance, Bajaj Finance, Tata Consumer, Nestle, Asian Paints.On the sectoral front,except FMCG, all other sectoral indices ended in the green with auto, realty, telecom up 1% each.BSE Midcap and smallcap indices rose 0.6% each.
Rupee Close:
On 16 Sep'25,the Indian rupee appreciated 12 paise to 88.04 against the US dollar in early trade on Tuesday as investors are awaiting cues from the US-India trade talks in New Delhi, where American negotiator Brendan Lynch will meet Indian officials on Tuesday.Forex traders said the rupee has faced persistent pressure from uneven flows and US President Donald Trump's tariff shocks.Accordingly, the Reserve Bank of India has stepped up its presence in the offshore non-deliverable forward (NDF) market to cushion volatility, they said.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the domestic market sustained its recovery trend, supported by favourable global cues on expectations of ~25 bps rate cut in the forthcoming US Fed policy decision and renewed optimism surrounding the resumed India-US trade negotiations.Auto and consumer durable stocks outperformed, ahead of the rollout of new GST  rates and festive-driven demand expectations.
Going forward, investor attention will remain on trade discussions, while strong domestic macro fundamentals are expected to drive upward earnings revisions, supporting current valuations and mitigating downside risks.
Market experts recommended five stocks to buy on Tuesday-Hariom Pipe Industries, Sarda Energy & Minerals, Gabriel India, Marathon Nextgen Realty, and NDR Auto Components.

(Business Correspondent)