Indian Equities Rebound on Tuesday as Banking Stocks Gain on Easing Geopolitical Concerns
Indian benchmark indices closed higher on Tuesday, breaking a two-session losing streak, as banking stocks advanced and improved geopolitical sentiment supported risk appetite.The BSE Sensex gained 394.50 points, or 0.5%, to close at 73,918.76, while the NSE Nifty 50 rose 119.10 points, or also 0.5%, to settle at 23,242.10.Market sentiment improved after signs of a pause in hostilities between Iran and Israel reduced concerns over a broader regional conflict. Lower crude oil prices also provided relief to investors. Iran and Israel reportedly agreed to halt attacks after diplomatic efforts led by the United States.In corporate developments, Muthoot Capital Services (NSE:MUTHOOTCAP, BOM:511766) said it completed a securitization transaction that raised 851.1 million rupees through the assignment of receivables worth 905.5 million rupees. The company said the deal was its second securitization transaction in fiscal 2027.RateGain Travel Technologies (NSE:RATEGAIN, BOM:543417) announced a partnership with ZentrumHub to enhance hotel distribution connectivity. The collaboration will integrate RateGain's Smart Distribution platform with ZentrumHub's infrastructure to simplify connections between hotels, travel sellers and distribution partners across global markets.