Indian equity benchmarks closed Tuesday’s trade on a higher note. The Nifty 50 ended the day 120 points or 0.47% higher at 25,695, and the Sensex increased 335 points or 0.40% to end at 83,871.
The banking stocks were in line with the benchmarks. The Nifty Bank settled 200 points or 0.35% higher at 58,138. The midcap stocks also surged in today’s trade. The BSE Midcap rose 96 points, or 0.20%, at 47,151.86. The BSE Smallcap finished 48 points or 0.09% lower at 52,853.
“The domestic market opened on a subdued note amid concerns over potential implications of the Delhi explosion. However, it recovered smartly and closed at the day’s high, supported by global cues as the U.S. Senate passed a bill to end the longest-ever federal shutdown. Importantly, the Q2 results season is nearing its end and is expected to conclude on a positive note, driven by better-than-expected performance by the broader market. The rally was sustained by gains in IT, auto, metal, and FMCG sectors,” said Vinod Nair, Head of Research at Geojit Investments.
Big highlights from today’s market action-
Indices in intraday trade
The indices closed the trade on a muted note. During the session, out of 3,203 trading stocks, 1,561 advanced, while 1,562 declined, and 80 remained unchanged. Today, 59 stocks hit a fresh 52-week high. Meanwhile, 146 stocks touched a new 52-week low.
Top gainers
InterGlobe Aviation (IndiGo) was the top gainer in the Nifty 50 in Tuesday’s session, closing 3.6% higher. It was followed by Bharat Electronics, Mahindra & Mahindra, Adani Ports, and HCL Technologies.
Top losers
Bajaj Finance’s shares were the biggest losers in today’s trade, declining 7%. It was followed by Bajaj Finserv, ONGC, Tata Motors Passenger Vehicles, and Kotak Mahindra Bank were the only losers.
