After opening with a negative gap, key Indian stock indices managed to pull back from their days of lying low, on the back of sustained buying in the stocks from capital goods, realty and power sectors on Tuesday. The 30-share Sensex of the Bombay Stock Exchange (BSE) traded above the physiological 16,000-mark for most of the trading session before finally closing at 16,123.15 points, posting a gain of 199.43 points or 1.25%. Meanwhile, the broader S&P CNX Nifty of the National stock Exchange (NSE) ended the day at 4,865.90 points, surging 65.50 points or 1.36%.
Dealers said that investors were taking the wait-and-watch approach ahead of the US Federal Reserve meet scheduled next week. According to the provisional figures from stock exchanges (SEs), foreign institutional investors (FIIs) were net sellers of equities at Rs 539.24 crore, while domestic institutional investors (DIIs) were net buyers at Rs 303.36 crore on Tuesday.
Amid good volumes, the small- and the mid-cap stocks outperformed the heavyweights. The BSE Small-Cap Index surged 310.37 points or 3.76% to close the day at 8,559.10 points, while the BSE Mid-Cap Index gained 224.92 points or 3.32% to end the day at 6,992.84 points.
Among sectoral indices, BSE Realty led the way surging 521.13 points or 6.76% to close at 8,226.89 points.
followed by BSE Capital Goods (CG) which gained 719.56 points or 5.39% to end the day at 14,060.65 points. However IT and technology stocks witnessed some profit-booking as their sectoral indices ended the day in the negative terrain.
Due to good participation in the broader markets, the overall breadth of the markets was positive with 2,110 stocks advancing as against 605 stocks which declined and stocks of 32 companies remained unchanged.
Of the stocks in Group A and Group B, 331 stocks hit their upper circuits, while 97 stocks hit the lower circuits, on Tuesday.
