Market wrap: NIFTY50 crosses over 24,500 points, SENSEX soars 750 points; Nestle, Hindustan Unilever among top gainers

Indian equity benchmarks ended near day’s high points on Tuesday, marking a third straight session of gains, supported by strong buying in FMCG, realty and banking stocks. After making a cautious start, soon indices gained traction and remained higher throughout the session, amid rising hopes that the US and Iran may resolve ahead of the ceasefire deadline.

Some support came as Commerce and Industry Minister Piyush Goyal said a team of Indian officials, currently in Washington for talks on the first phase of the bilateral trade agreement, will discuss aspects related to preferential market access for domestic goods in the US.

Traders took encouragement as the United Nations in its latest report, said that India's economy is projected to grow at 6.4% this year and 6.6% in 2027.

Investors took note of the Reserve Bank of India's (RBI) latest report stating that India's outward foreign direct investment (OFDI) commitments surged by 27.47% to $7061.60 million in March 2026, as against $5,539.75 million in March 2025.

European markets were trading in green, while Asian markets ended mostly higher, amid hopes of resumption of peace talks between U.S. and Iranian officials in Pakistan and likely reopening of the Strait of Hormuz.

The SENSEX ended at 79273.33, up by 753.03 points or 0.96% after trading in a range of 78522.96 and 79367.08. 23 stocks were advancing against 7 stocks declining on the index.

The top-gaining sectoral indices on the BSE were FMCG up by 2.23%, Realty up by 2.17%, Bankex up by 1.46%, Telecom up by 1.14% and Consumer Discretionary up by 0.84%, while Capital Goods down by 0.06% was the only losing index on BSE.

The top gainers on the Sensex were Hindustan Unilever up by 3.86%, Trent up by 3.82%, ICICI Bank up by 2.29%, Bajaj Finance up by 2.28%, and HDFC Bank up by 1.99%. On the flip side, Bharat Electronics down by 1.32%, Titan Company down by 0.88%, Reliance Industries down by 0.57%, Power Grid down by 0.39% and NTPC down by 0.36% were the top losers.

The NIFTY50 ended at 24576.60, up by 211.75 points or 0.87% after trading in a range of 24354.90 and 24601.70. 35 stocks were advancing against 15 stocks declining on the index.

The top gainers on Nifty were Nestle up by 8.43%, Hindustan Unilever up by 4.15%, Trent up by 3.83%, Bajaj Finance up by 2.30% and Tata Consumer Products up by 2.20%. On the flip side, SBI Life Insurance down by 3.46%, Bharat Electronics down by 1.32%, JIO Financial Services down by 1.01%, Dr. Reddy's Lab down by 0.97% and Reliance Industries down by 0.73% were the top losers.

European markets were trading higher; Germany’s DAX gained 167.9 points or 0.69% to 24,585.70, France’s CAC rose 30.15 points or 0.36% to 8,361.20 and UK’s FTSE 100 increased 17.04 points or 0.16% to 10,626.12.