Live
- Six Useful Strategies to Control Your Heart During the Pollution Season
- Phalodi Satta Bazar Predicts Close Race in Maharashtra Assembly Election 2024
- Federer Pays Heartfelt Tribute to Nadal Ahead of His Retirement: "An Epic Career"
- Odisha holds successful mega investors roadshow in Singapore
- PGTI Tour: Top stars to fight for honours in Servo Masters Golf
- SC upholds termination of LIC employee for absenting himself without intimation
- ‘Stone me or shoot me, won’t spare anyone,’ says Anil Deshmukh after discharge
- Siddaramaiah, Shivakumar turning Karnataka into Pakistan: K’taka BJP
- Zimbabwe records 70 suspected cholera cases, one death amid new outbreak
- Babri demolition day: No Assembly proceedings in Bengal on Dec 6
Markets end higher for 2nd day in row
Indian stock markets closed higher for a second straight session on Tuesday as gains in capital goods and banking shares helped the bourses to reverse early losses.
##SMALL-IMAGE#Sensex adds 84 points while Nifty rises by 22 points
Mumbai: Indian stock markets closed higher for a second straight session on Tuesday as gains in capital goods and banking shares helped the bourses to reverse early losses. Positive global signals driven by rebound in crude oil prices also improved the market sentiment. Firm trend in regional markets led by Japan after yen sank to its lowest-level in two weeks against the dollar and better inflation data from China also helped.
The 30-share Sensex had slipped by 75 points in early trade on profit-booking in winners from Monday's 460-point rally. However, buying reemerged on higher closing in Asia and strong opening in Europe as the index settled 83.67 points or 0.33 per cent higher at 25,772.53. The Nifty rose 21.75 points or 0.28 per cent to close at 7,887.80 after shuttling between 7,837.70 and 7,896.90
Dr Reddy's emerged as the star performer on Sensex and closed 3.04 per cent up at Rs 2,928.35 followed by Axis Bank up 2.22 per cent at Rs 487.85. Punjab & Sind Bank rose over 4 per cent after the company reported a profit of Rs 98.12 crore for the March quarter. The broader markets too displayed a firm trend as retail investors widened their bets, with the BSE mid-cap index rising 0.20 per cent and small-cap gaining 0.11 per cent.
Out of the 30-share Sensex pack, 18 scrips ended higher. Major gainers included HUL (1.93 pc), L&T (1.87 pc), GAIL (1.26 pc), HDFC (1.20 pc), Infosys (1.12 pc), BHEL (1.10 pc), Bharti Airtel (0.79 pc), Lupin (0.63 pc), HDFC Bank (0.36 pc) and SBI (0.34 pc). However, Tata Motors fell by 3.58 per cent followed by NTPC (1.75 pc), ONGC (1.65 pc) and Adani Ports (0.99 pc).
Among BSE sectoral and industry indices, capital goods rose 1.48 per cent followed by consumer durables (0.68 pc), bankex (0.62 pc), finance (0.54 pc), healthcare (0.53 pc), IT (0.52 pc), realty (0.47 pc) and teck (0.47 pc). The market breadth turned negative as 1,334 stocks ended
lower, 1,277 closed higher while 153 ruled steady.
Overseas, banking stocks led gains in Europe after Swiss lender Credit Suisse posted a smaller-than-expected net loss in the first quarter. From Asia, Nikkei settled 2.15 per cent higher, China, Hong Kong, South Korea and Taiwan moved up between 0.02 per cent and 0.75 per cent.
