The top laggards included PowerGrid, ONGC, NTPC and Dr Reddy’s were among the laggards.
Representation image [File Photo]
Domestic markets ended nearly 1 per cent higher on Tuesday as private banks, IT and consumer goods stocks advanced amid positive global cues. The S&P BSE Sensex ended 584.41 points or 1.16 per cent higher at 51,025.48, while the Nifty50 NSE Nifty surged by 142.20 points or 0.95 per cent to close at 15,098.40.
Among the Sensex pack, Kotak Bank rose the most by 3.35 per cent. HDFC Bank spurted by 2.85 per cent while mortgage major HDFC advanced 2.68 per cent. ICICI Bank rose by 2.8 per cent.
Advertisement
On the other hand, the top laggards included PowerGrid, ONGC, NTPC and Dr Reddy’s were among the laggards.
Advertisement
Of the 30 continues, 19 of its constituents ended in the green. Similarly, on the 50-issue index, 24 of its stocks also ended in positive territory.
“In a volatile day, the Indian market ended with minor positivity amid mixed global cues. Barring private banks, IT and consumer stocks, all other sectors were most impacted. Fall in US bond yields and stronger US equity futures aided Asian markets to recover from earlier losses,” Vinod Nair, Head of Research at Geojit Financial Services said.
Binod Modi, Head – Strategy at Reliance Securities commented: “Domestic equities extended gains for the second consecutive day mainly aided by favourable cues from Asian markets. However, it is financials (ex-PSU banks), which majorly supported the market’s rally today. Barring financials and IT, most of the key sectoral indices traded lower.”
In the broader market, midcap and smallcap indices declined by 0.66 per cent and 0.41 per cent as investors opted to book profit after the recent run-up in these stocks.
Among sectoral indices, BSE bankex, finance, IT, teck, consumer durables and FMCG indices ended with gains, while metal, oil and gas, utilities, realty and power were in the red.
Ajit Mishra, VP – Research, Religare Broking said, “Markets traded volatile and managed to settle with decent gains in continuation to the prevailing consolidation phase. We expect the prevailing consolidation phase to end soon however a lot depends on the performance of the global markets.”
Elsewhere in Asia, bourses in Hong Kong and Tokyo ended on a positive note, while Shanghai and Seoul were in the red.
Stock exchanges in Europe were trading with gains in mid-session deals.
Meanwhile, the global oil benchmark Brent crude was trading 0.72 per cent higher at USD 68.73 per barrel.
Advertisement
