Indian equity benchmarks continued their upward momentum on Tuesday, with the benchmark indices trading firmly in positive territory during the morning session as investors increased exposure to technology, FMCG and real estate counters. The rally reflected a continuation of the positive sentiment seen in recent sessions, particularly in sectors that had previously underperformed amid global growth concerns.

At around 10:55 am, the BSE Sensex was trading higher by 322.48 points, or 0.43 percent, at 75,637.52, while the NSE Nifty50 rose 95.65 points, or 0.40 percent, to trade above the psychologically important 23,700 mark at 23,745.60. Broader market participation remained notably strong, with advancing shares significantly outnumbering declines, indicating that buying interest was not limited to index heavyweights alone.

The latest market action suggests that domestic investors are gradually regaining confidence following a period of elevated volatility linked to global interest rate expectations, geopolitical uncertainty and concerns over corporate earnings sustainability. The sharp decline in India VIX by more than 5 percent further reinforced the improving risk appetite in the market. Lower volatility readings are generally interpreted as a sign of stabilising investor expectations and reduced fear of sharp market swings.

Technology stocks remained the primary drivers of the rally for the second consecutive trading session. The sector has recently witnessed renewed institutional buying as investors reassess valuation comfort after months of relative underperformance. Expectations that global technology spending may remain resilient despite slower economic growth in major developed markets have also supported sentiment in Indian IT shares.

The strength in FMCG counters indicated continued preference for defensive businesses with stable cash flows and pricing power. Investors appear to be positioning selectively in consumption-oriented names amid expectations that easing inflationary pressures and stable domestic demand could support earnings visibility in the coming quarters.

Real estate stocks also attracted buying interest, reflecting optimism around urban housing demand, lower financing concerns and expectations of sustained infrastructure-led economic activity. The sector has remained sensitive to domestic interest rate expectations, and any perception of policy stability tends to improve investor confidence toward property-linked businesses.