Indian markets rise as midcaps shine, Reliance, Autos lead gains
Indian equities extended gains on Tuesday with Nifty closing at 24,980 and Sensex up 370 points. Midcaps outperformed, while energy, auto, FMCG, and textile stocks led advances. Reliance rose 3% after Jio tariff hikes and FMCG expansion, Tata Motors jumped 3.6%, and cotton textile stocks rallied on duty relief. Retail sentiment turned bullish.