Indian shares bounce back on easing US rate concerns, eyes on Middle East
![](https://portfolio.investmentguruindia.com/uploads/news/BSE 7.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian shares rebounded on Tuesday, in step with global stocks on easing U.S. rate worries, while investors kept tabs on the military conflict in the Middle East.
The NSE Nifty 50 index settled 0.91% higher at 19,689.85, while the S&P BSE Sensex rose 0.87% to 66,079.36.
High weightage financials and banks climbed over 1% each, while public sector banks rebounded from the previous session's loss, adding 2.08%.
Realty index climbed 4.01% and hit a record high following strong business updates from key constituents and the Reserve Bank of India's decision on Friday to keep rates unchanged.
Auto stocks added 1.24%, led by a 2.14% rise in Tata Motors after CLSA projected a rise in its fiscal 2025 profit.
The more domestically-focussed small- and mid-cap indexes outperformed the blue-chips, rising over 1.2% each.
"The outperformance of small- and mid-caps could continue further as earnings for September quarter are likely to be pretty good," said Atul Suri, chief executive of Marathon Trends PMS.
"Strong macroeconomic fundamentals and festive demand could support the shares," Suri added.
The International Monetary fund raised India's economic growth forecast for this fiscal to 6.3% from 6.1% earlier, citing stronger-than-expected consumption.
Meanwhile, military clashes between Israel and Hamas weighed on sentiment, prompting purchase of safe-haven assets like gold and the U.S. dollar.
"If the conflict between Israel and Hamas escalates to a point where it embroils major players like the U.S and Iran, it could disrupt oil supplies and spook markets," warned Rahul Sharma, head of technical research at Equity99.
Fed officials' dovish comments helped U.S. Treasury yields ease, triggering a recovery in global markets. [MKTS/GLOB]
Among individual stocks, Adani Ports climbed 3.73% on bullish views from CLSA and Motilal Oswal, while Coal India jumped 5.37% after Nuvama raised earnings estimates on upbeat volume growth outlook.
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Sensex ends lower ahead of Union Budget 2024-25
![Daily Market Analysis : The markets began the week on a subdued note and ended nearly unchanged, reflecting caution ahead of the Union Budget Says Mr. Ajit Mishra, Religare Broking Ltd](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _26.jpg)
![Mid-Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India's Deep Discount Broker](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)