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 losers batch on the BSE was led by Tech Mahindra, slipping 1.76 per cent, followed by HDFC, ICICI Bank, Infosys, HDFC Bank and Kotak Mahindra.
On the other hand, Kotak Bank, Nestle India, Titan, Bajaj Finance, HDFC Bank and NTPC were among the laggards.
The S&P BSE Sensex was trading at 44,392.22, higher by 242.50 points or 0.55 per cent from the previous close of 34,911.32 levels.
The gainers, on the other hand, were led by Asian Paints, Titan, Tata Steel, Bajaj Finance and Bajaj Auto.
The broader NSE Nifty touched a record intra-day peak of 13,145.85, before ending 196.75 points or 1.51 per cent down at 12,858.40.
