Indian equity benchmarks closed Tuesday’s session in the green for the fifth consecutive session, finishing near the intra-day highs. The Nifty 50 closed the session 95 points or 0.39% higher at 24,869, and the Sensex surged 314 points or 0.39% to end at 81,101.
The Nifty Bank was muted, settling 29 points or 0.05% higher at 54,216. The small and midcap stocks were in line with the benchmarks. The BSE Midcap declined 90 points, or 0.20%, at 45,698. On the other hand, the BSE Smallcap finished 115 points or 0.22% lower at 53,025.58.
“The domestic equity market edged higher today, buoyed by positive global cues, with a notable rebound in IT stocks linked to a buyback announcement from Infosys despite prevailing headwinds. Conversely, auto stocks came under pressure due to profit booking after recent gains on GST rationalisation. The market sentiment is likely to remain range-bound amid lingering uncertainties over global trade negotiations. However, rising prospects of a FED rate cut, along with supportive domestic macros, may help sustain optimism in the short term,” said Vinod Nair, Head of Research at Geojit Investments.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Monday’s session on a positive note. During the session, out of 3,106 trading stocks, 1,486 advanced, while 1,514 declined, and 106 remained unchanged. Today, 108 stocks hit a fresh 52-week high. Meanwhile, 43 stocks touched a new 52-week low.
Top gainers
Infosys was the top gainer in the Nifty 50 in Monday’s session, closing 4.85% higher. It was followed by Dr Reddy’s Lab, Wipro, Adani Ports, and Tech Mahindra.
Top losers
Trent’s shares were the biggest losers in today’s trade, declining 1.74%. It was followed by Eternal (Zomato), Ultratech Cement, Jio Financial, IndusInd Bank, and many others.