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.
During the week, Sensex tumbled 1,071.43 points or 2.63 per cent, while Nifty sank 287.95 points or 2.41 per cent.
In the broader market, the S&P BSE MidCap and SmallCap ended with loss at 0.76 per cent and 0.93 per cent respectively.
In the broader market, the S&P BSE MidCap and SmallCap ended with gains at 1.65 per cent and 0.6 per cent respectively.
On the broader market, the S&P BSE MidCap and SmallCap ended with losses at 1.77 per cent and 0.88 per cent respectively.
Healthy buying was witnessed in the banking and finance stocks. A positive trend in the Asian markets also supported the domestic indices.
