The stock market live updates for Tuesday showed the Sensex gaining 800 points as the Nifty Pharma reversed its earlier trend during the session. Trading activity remained robust across benchmark indices, with the broader Nifty50 and the Sensex both trading higher while IT shares extended their earlier gains.
As of 2:00 PM, the Sensex rose 618.40 points or 0.86 per cent to 72,543.08, while the Nifty50 was up 188.15 points or 0.84 per cent at 22,551.50. Market participants closely monitored sectoral movements, corporate earnings, and payments sector developments as trading progressed.
Key Points Of The Stock Market Live Update
- Sensex and Nifty50 traded higher during the session, supported by gains in IT shares and a trend reversal in pharma.
- Paytm, Mobikwik, and Pine Labs shares erased losses after the NPCI deferred the roll-out of merchant discount rates on UPI transactions.
- PNB Gilts share price jumped 12 per cent after reporting a net profit of ₹44.84 crore for Q2FY27.
- Mirae Asset projected that Brent crude may rise to $120 per barrel due to persistent geopolitical tensions and US midterm election volatility.
Sectoral Trends And Stock Movements
In Tuesday’s session, shares of Polycab India, KEI Industries, R R Kabel, and Quadrant Future declined by up to 5 per cent. These counters trade down 24 per cent from their respective 52-week highs touched last month, driven by fears of high competition and promotional spending.
Meanwhile, shares of Paytm operator One 97 Communications, One Mobikwik Systems, and Pine Labs erased their earlier losses. This recovery followed an announcement by the National Payments Corporation of India (NPCI) deferring the roll-out of merchant discount rates (MDR) on Unified Payments Interface (UPI) transactions.
Corporate Earnings And Investments
PNB Gilts saw its share price jump 12 per cent after reporting a net profit of ₹44.84 crore in the second quarter of financial year 2027 (Q2FY27), turning around from a net loss of ₹45.35 crore in the corresponding quarter of the previous year.
Shares of Puravankara traded 0.93 per cent lower at ₹208.49 on the National Stock Exchange (NSE). Earlier in the session, the scrip had risen 2.5 per cent to a day high of ₹215 after reporting a 62 per cent year-on-year rise in Q2 sales to ₹2,136 crore.
Nazara Technologies shares fell after scaling a fresh 52-week high of ₹410 on the NSE. The scrip had earlier advanced following multiple business-related developments, including board approval for a ₹742-crore investment in its UK arm. Additionally, the board of Info Edge (India) approved a ₹100-crore investment in its wholly-owned subsidiary, Startup Internet Services, subscribing to 2 million shares aggregating to about ₹20 crore.
Global Commodities And Green Fuel Initiatives
Mirae Asset expects Brent crude to rise to $120 per barrel in the near term as geopolitical tensions persist. Additional volatility stemming from the US midterm elections is also expected to keep commodity prices on the upside.
In the energy sector, NTPC is in talks with buyers in Japan, Germany, and South Korea to sell green ammonia and other low-carbon fuels, Chairman Gurdeep Singh announced on Tuesday. Top gainers in the Sensex heatmap during the afternoon hours included HCL Technologies, Tata Consultancy Services (TCS), and Tech Mahindra.
Frequently Asked Questions
What was the status of the Sensex and Nifty50 at 2:00 PM?
As of 2:00 PM, the Sensex rose 618.40 points or 0.86 per cent to 72,543.08, while the Nifty50 was up 188.15 points or 0.84 per cent at 22,551.50, supported by gains in IT shares and a trend reversal in pharma.
Why did Paytm and Mobikwik shares erase their losses?
Shares of Paytm operator One 97 Communications, One Mobikwik Systems, and Pine Labs erased their losses after the National Payments Corporation of India (NPCI) deferred the roll-out of merchant discount rates (MDR) on UPI transactions.
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