Live: Nifty above 23,700; Capital market stocks gain, SBI falls after Q2 | Closing Bell

Core Development: Live: Nifty above 23,700; Capital market stocks gain, SBI falls after Q2 | Closing Bell

Market & Financial Impact: Indian equity markets ended Tuesday’s session on a strong note, extending the winning streak to a fourth day with no expiry-day jitters. The Nifty surged over 250 points to reclaim the 23,700 mark, while the Sensex advanced more than 900 points. Market breadth was positive, with advances outnumbering declines roughly 2:1. FMCG and realty stocks outperformed, and the Bank Nifty moved above 55,500 as private lenders shone. Broader markets also traded in the green, with small and mid-cap indices gaining over 0.5%. Capital market stocks rallied on hopes of LTCG tax relief, with Angel One, CDSL and BSE surging up to 8% and the Nifty Capital Markets index hitting a seven-week high. SBI shares fell after an operating profit miss in Q2. Globally, US futures were mixed ahead of the mid-term elections, while Brent crude rose on reports of a US strike on Iran’s Qeshm Island. Among Nifty 50 stocks, BSE, Bharti Airtel and Asian Paint were the top gainers, while Infosys, NTPC and ONGC were the top losers. Watch the full Closing Bell show for a complete wrap of the day’s market action. Stay tuned for expert views, stock-specific action and a complete wrap of the day’s trade, along with what to watch out for in the next session. Like, share and subscribe to Moneycontrol for all the latest market updates.

Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.