Market witnesses volatile trading session, Sensex up by 158 points
The stock market witnessed a volatile trading session on Tuesday as after a roller coaster activity, the Nifty ended 72 points higher, while the Sensex was up by 158 points.
Sensex and Nifty fell on Monday in line with Asian markets which responded on poor Chinese trade data and an extended partial US government shutdown, fuelling concerns of a global growth slowdown.
However, losses were capped as India’s annual rate of inflation based on wholesale prices eased to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed on Monday.
Advertisement
Except for the export-oriented IT sectors on the BSE, which gained as the rupee weakened close to 30 paise, all other sectoral stocks witnessed heavy selling pressure.
Advertisement
The rupee weakened to 70.79 per dollar, around the closing bell against the previous close of 70.49.
Index-wise, the Nifty50 declined by 57.35 points or 0.53 per cent to settle at 10,737.60.
The S&P BSE Sensex closed at 35,853.56, lower by 156.28 points or 0.43 per cent from the previous close of 36,009.84.
It had opened at 36,113.27 points and touched an intra-day high of 36,124.94 and a low of 35,691.75.
Stock-wise, Yes Bank was a top gainer, jumping close to 6 per cent.
Infosys, Sun Pharma, Bajaj Finance and Maruti Suzuki inched up in the range of 1 to 3 per cent.
In contrast, Larsen and Tubro and IndusInd Bank lost over 2 per cent while Vedanta, Power Grid and NTPC lost in the range of 1 to 2 per cent.
Advertisement
Related posts
Market erases early losses, Nifty ends below 25,000 level
At close, the Sensex was down 511.38 points or 0.62% at 81,896.79, and the Nifty was down 140.50 points or 0.56% at 24,971.90.
Bulls back in action as indices snap 3-day losing streak
In the Indian stock market, bulls were back in action as the benchmark indices snapped a three-day losing streak. This helped Nifty to comfortably close above the 25,100 mark amid buying across the sectors.
