Benchmark indies surge by 1.8 pc; barring FMCG, all sectors end in green
The benchmark indices surged 1.8 per cent on the back of strong gains in capital goods, banking, energy, and auto stocks on Tuesday.
The benchmark indices surged 1.8 per cent on the back of strong gains in capital goods, banking, energy, and auto stocks on Tuesday.
Stock market fell on Monday amid losses in global markets as the US President Donald Trump announced new tariffs on key trading partners, including Canada, Mexico, and China.
Stock market closed higher on Friday, a day before the announcement of Budget, for the fourth consecutive session.
At close, Sensex was up 654 points or 0.9 per cent at 76,555 and Nifty was up 206 points or 0.9 per cent at 23,163.
The stock market on Tuesday snapped two-day losing streak and gained 0.5 per cent supported by auto, realty and financials after the RBI announced liquidity-boosting measures.
The gainers were led by ONGC, rallying around 6 per cent, followed by NTPC, Tata Steel, ICICI Bank, ITC, Titan and Bajaj Auto.
ONGC was the top gainer in the Sensex pack, rallying over 7 per cent, followed by NTPC, Tata Steel, Bajaj Finance, ITC, IndusInd Bank, SBI and Reliance Industries.
The losers were led by Nestle India, ITC, HUL and Kotak Bank were among the gainers.
The S&P BSE Sensex gave away the 46,000 mark to trade 0.76 per cent or 350.31 points lower at 45,753.19. I
Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth Rs 2,909.60 crore on Tuesday, according to provisional exchange data.
