India's benchmark equity indices, the Nifty 50 and the Sensex, snapped their six-session losing streak on Tuesday, posting gains despite a downturn in most global markets. This rally was primarily driven by heavyweight stocks, including HDFC Bank Ltd., Infosys Ltd., and Reliance Industries Ltd., as investors await the outcome of the upcoming monetary policy committee meeting set for Wednesday.

The Nifty 50 index closed up by 0.88%, or 217.40 points, ending the day at 25,013.15, while the Sensex gained 0.72%, or 584.81 points, to finish at 81,634.81. Intraday trading saw both indices reaching higher peaks, with gains of 1% for Nifty and 0.88% for Sensex at their respective highs.

According to Aditya Gaggar, director of Progressive Shares, "The oversold condition played its part well, and after a knee-jerk reaction in the opening trade, one-way upmove was seen throughout the day." He noted that a firm move above 25,140 would confirm a trend reversal, with 24,950 acting as immediate support.

Significant contributions to the Nifty's gains came from shares of HDFC Bank, Reliance Industries, Infosys, Trent Ltd., and Mahindra & Mahindra. Conversely, stocks like Tata Steel, Titan Company, SBI Life Insurance, Bajaj Finserv, and JSW Steel exerted downward pressure on the index.

Most sectoral indices ended on a positive note, with the Nifty Media sector rising the most. However, the Nifty Metal index was the sole decliner in the sectoral landscape.

Broader market performance outpaced the benchmark indices, with the BSE Midcap and Smallcap indices rising by 1.86% and 2.44%, respectively. Out of 20 sectors on the BSE, 19 advanced while one declined, with the BSE Services sector making the most significant gains.

The market breadth tilted in favor of buyers, with approximately 3,020 stocks advancing, 924 declining, and 101 remaining unchanged on the BSE. This positive momentum reflects growing investor confidence ahead of the key monetary policy decisions expected soon.