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Nifty extends gains for second straight session on Tuesday

17 Mar 2026 Evaluate

Nifty extended gains for second consecutive session on Tuesday amid valued buying. Index made a flat-to-positive start following positive cues from other Asian market. Soon, index gained some traction as traders opted buy blue-chip stock after recent pull back by the market. Traders took support with the Commerce Ministry’s statement that India inked terms of reference with the Philippines and the Maldives to start negotiations for free trade agreements (FTAs). The terms of reference (ToR) outline the scope and modalities of a proposed trade pact. Meanwhile, Ministry of Statistics & Programme Implementation in its latest Periodic Labour Force Survey (PLFS) showed that overall unemployment rate (UR) among persons aged 15 years and above fell marginally to 4.9% in February from 5% in January this year. In late morning deals, index pared most of its gains but afterwards, market started climbing to touched its intraday high point and ended the session above 23,550 mark.

Most of the sectorial indices ended in green led by Metal, Auto, and Realty. The top gainers from the F&O segment were National Aluminium Company, Steel Authority of India and Eternal. On the other hand, the top losers were Persistent Systems, Hindustan Petroleum Corporation and Tata Elxsi. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 22900 - 23100 puts indicating this is the trading range expectation.

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