Sensex up 568 pts, Nifty above 23,550 led by auto, metal, realty

The domestic share market ended higher on the second consecutive session on Tuesday,amid buying across the sectors barring FMCG, IT names.At close, the Sensex was up 567.99 points or 0.75 percent at 76,070.84, and the Nifty was up 172.35 points or 0.74 percent at 23,581.15.
Eternal, Tata Steel, M&M, HDFC Life and Bharat Electronics were the top gainers on the Nifty, while losers included Wipro, Tata Consumer, Infosys, Cipla, ITC.On the sectoral front,except FMCG ( down 0.7%) and IT (down 1%), all other indices ended in the green with capital goods, telecom, auto, infra, media, metal, realty, private bank up 1-2 percent.Nifty midcap index rose 1 percent, while smallcap index added 0.65 percent.
Rupee Close:
On 17 Mar'26 the Indian rupee declined 12 paise to settle at an all-time low of 92.40  against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis.A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision, forex traders said.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the market extended its gains, driven largely by bargain hunting by domestic investors. Cyclical sectors such as autos, metals, and financials continued to be leaders rebounding after being among the worst affected during the sell-off.However, it is premature to conclude that this reversal is sustainable in the short term, as war-related uncertainties persist. Whereas from a long-term perspective, deploying funds appears reasonable, given the correction in India's premium valuations and the intact outlook for FY27.Regarding the upcoming FOMC meeting, expectations remain muted with a likely status quo on rates, which is unlikely to materially influence market sentiment, as attention is more focused on de-escalation in the Iran war.
Market experts recommended five shares to buy on Tuesday- Acutaas Chemicals, Aether Industries, Sai Life Sciences, Kirloskar Oil Engines, and CCL Products (India).

(Business Correspondent)