Sensex crosses 650+ points; Nifty crosses 24,450; The media is leading the sector’s rally

Indian markets extended their third straight rally on Tuesday, buoyed by positive cues from Asian markets. I The BSE Sensex rose 650 points selling e 80,898while i The Nifty50 advanced by 155 points to cross 24,450.

Key stakeholders in this meeting:

• Top beneficiaries: Adani Ports, SBI, HDFC Bank, JSW Steel, IndusInd Bank, and Bajaj Finance.

• Industry star: I Nifty Media index emerged as the best performing sector.

Laggards:

ITC, Bharti Airtel, Sun Pharma, and Power Grid were dragged down slightly.

Asian markets also traded well, with Seoul, Tokyo, Shanghai, and Hong Kong everything is green. Hope more than possible 25 base-point rate cut by the US Federal Reserve later this month further strengthened sentiment.