Stock Market Highlights: Nifty 50 reclaims 24,800 as indices snap three-day losing streak

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Sensex Today | Stock Market Highlights: The Indian market snapped its three-day losing streak on Tuesday, buoyed by broad-based buying in the second half of the session. The benchmark Nifty reclaimed the 24,800 mark, closing 140 points higher at 24,821, while the Sensex rose 447 points to settle at 81,338.

Nifty 50 Highlights: Banking and midcap stocks participated in the rally on Tuesday, with the Nifty Bank index gaining 137 points to close at 56,222. The Nifty Midcap index outperformed, surging 466 points to end at 57,985.

Reliance Industries led the market higher and was among the top Nifty gainers. Jio Financial Services, a Reliance Group company, surged over 4% ahead of a board meeting on fundraising, drawing investor attention.

Among individual stocks, Asian Paints closed 2% higher after posting a steady set of quarterly results. Larsen & Toubro (L&T) rose more than 2% on buying interest ahead of its earnings announcement. Tata Chemicals emerged as the top midcap gainer, soaring 7% following a brokerage upgrade.

Varun Beverages climbed over 5% on a positive demand outlook, while Amber Enterprises gained 5% after its Q1 earnings came in better than estimates. Bosch hit a record high, rallying 5% on buying interest ahead of its results. Torrent Pharma added 4% after reporting an in-line Q1 performance.

On the downside, Indian Energy Exchange (IEX) declined over 3% following another negative brokerage note. Despite that, the overall market sentiment remained upbeat, supported by robust buying across sectors.