Mumbai, Oct 7
Indian stock markets extended their gains for the fourth straight session on Tuesday, supported by buying in major heavyweights such as ICICI Bank, HDFC Bank, and Bharti Airtel.
The Sensex rose 136 points, or 0.17 per cent, to close at 81,926, while the Nifty ended 30.65 points, or 0.12 per cent, higher at 25,108.3.
Strong buying was also seen in oil and gas, pharma, consumer durables, healthcare, banking, auto, and energy sectors.
"After three consecutive confident closings, Nifty faced selling pressure near its resistance zone of 25200–25250 on Tuesday’s session, indicating that bulls might take a pause, leading to a possible short-term consolidation,” analysts said.
“However, as long as the index sustains above 24900 levels, where its 50-day EMA is placed, the outlook remains positive,” they added.