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.
Traders said Das' comments on expectation of GDP turning positive in the said quarter also fuelled the market rally.
At 1.20 p.m., Sensex was trading 283.74 points higher at 40,466.41 levels while the Nifty was at 11,903.70, up by 69.10 points.
The top gainers on the BSE included UltraTech Cement (gained 3.24 per cent), by TCS, HCL Tech, Infosys, HDFC Bank, Sun Pharma and Tech Mahindra.
Although the broader market was a bit lacklustre, sustained buying in cement and select pharma counters was seen during the day, he added.
On the broader front, the S&P BSE MidCap and SmallCap ended with losses at 0.16 per cent and 0.01 per cent respectively.
