​Vodafone, Coforge and other stocks led market action on Tuesday as IT stocks rallied while HPCL gained on fuel price hikes and select midcaps saw sharp gains and losses post earnings.​

Small and midcap stocks rose sharply on Tuesday, lifting broader markets and outperforming benchmarks. Coforge led midcap gains, while Ola Electric topped the smallcap chart. IT stocks rebounded on attractive valuations, and several names across consumer, energy and financial sectors posted strong advances amid improving sentiment despite lingering macro worries.