The BSE Sensex climbed 320 points, or 0.4%, to 84,385 in morning trade on Tuesday, extending gains for a third straight session and hitting its highest level since January 7, tracking an overnight rally on Wall Street driven by a rebound in the tech sector. Ongoing foreign inflows continued to support market sentiment following a trade deal with the US. The Nifty 50 also rose 0.4% to near 26,000, while mid-cap stocks gained 0.2%. However, investors were cautious ahead of the release of January domestic inflation data later this week, with inflation expected to rise to 2.4%, the highest in eight months, though still within the RBI’s 2%–6% target band. All sectors traded in positive territory, led by metal stocks, which rose 1.1%, with Tata Steel gaining 2.9%. Meanwhile, tech stocks advanced 0.9%, tracking their Wall Street peers, with Tech Mahindra climbing 2.2% and TCS up 1.3%. Auto stocks also rose 0.9%, supported by gains in Maruti Suzuki (1.4%) and Tata Motors (1.0%).
