MUMBAI: Equity benchmark indices rose for the third consecutive day on Tuesday amid firm global market trends and buying in energy, banking and FMCG counters.
The BSE 30-share Sensex closed at 58,960.60, up 549.62 points or 0.94 per cent. During the day, it closed at 59,143.66, up 732.68 points or 1.25 per cent.
Similarly, the broader NSE Nifty ended 175.15 points or 1.01 per cent higher at 17,486.95.
State Bank of India (SBI) was the top gainer in the Sensex pack, rising 3.41 per cent, followed by ITC, Nestle India, Bharti Airtel, IndusInd Bank, L&T, M&M and Reliance Industries.
Only five constituents ended in the red – HDFC, NTPC, Tech Mahindra, Sun Pharma and HDFC Bank, slipping up to 0.72 per cent.
“Indian market is maintaining its gains on the back of favorable global and domestic cues. Domestic positivity is likely to decline in crude oil prices and corporate earnings in Q2.
“Notably, too, with the RBI’s belief that headline inflation peaked in September and will decline from now on, financial markets have happily provided an edge to banks,” said Vinod Nair, Head of Research, Geojit Financial Services.
Ajit Mishra, VP-Research, Religare Broking Ltd, said the recent rebound in the markets can be largely attributed to the recovery in global indices, while the earnings so far have been mixed.
“Apart from global markets, we think participation from key sectors will be key to a sustained growth. Amidst all the positives, traders should maintain their focus on overnight risk management,” he added.
In the broader market, the BSE Midcap gauge rose 1.06 per cent and the Smallcap index rose 0.71 per cent.
All BSE sectoral indices ended in the green, with capital goods jumping 1.97 per cent, realty jumping 1.76 per cent, industrials (1.71 per cent), auto (1.50 per cent), power (1.46 per cent), utilities (1.46 per cent). , FMCG (1.22 per cent) and energy (1.13 per cent).
Other Asian markets in Seoul, Tokyo and Hong Kong closed higher, while Shanghai closed lower.
Stock exchanges in Europe were trading in positive territory in mid-session deals. Wall Street closed very sharply on Monday.
International oil benchmark Brent crude was trading 0.65 per cent lower at $91.02 per barrel.
On Tuesday, the rupee depreciated by 7 paise at 82.37 (provisional) against the US dollar in sluggish trade.
Foreign institutional investors (FIIs) remained net sellers in the Indian capital markets on Monday as they sold shares worth Rs 372.03 crore, according to exchange data.
The BSE 30-share Sensex closed at 58,960.60, up 549.62 points or 0.94 per cent. During the day, it closed at 59,143.66, up 732.68 points or 1.25 per cent.
Similarly, the broader NSE Nifty ended 175.15 points or 1.01 per cent higher at 17,486.95.
State Bank of India (SBI) was the top gainer in the Sensex pack, rising 3.41 per cent, followed by ITC, Nestle India, Bharti Airtel, IndusInd Bank, L&T, M&M and Reliance Industries.
Only five constituents ended in the red – HDFC, NTPC, Tech Mahindra, Sun Pharma and HDFC Bank, slipping up to 0.72 per cent.
“Indian market is maintaining its gains on the back of favorable global and domestic cues. Domestic positivity is likely to decline in crude oil prices and corporate earnings in Q2.
“Notably, too, with the RBI’s belief that headline inflation peaked in September and will decline from now on, financial markets have happily provided an edge to banks,” said Vinod Nair, Head of Research, Geojit Financial Services.
Ajit Mishra, VP-Research, Religare Broking Ltd, said the recent rebound in the markets can be largely attributed to the recovery in global indices, while the earnings so far have been mixed.
“Apart from global markets, we think participation from key sectors will be key to a sustained growth. Amidst all the positives, traders should maintain their focus on overnight risk management,” he added.
In the broader market, the BSE Midcap gauge rose 1.06 per cent and the Smallcap index rose 0.71 per cent.
All BSE sectoral indices ended in the green, with capital goods jumping 1.97 per cent, realty jumping 1.76 per cent, industrials (1.71 per cent), auto (1.50 per cent), power (1.46 per cent), utilities (1.46 per cent). , FMCG (1.22 per cent) and energy (1.13 per cent).
Other Asian markets in Seoul, Tokyo and Hong Kong closed higher, while Shanghai closed lower.
Stock exchanges in Europe were trading in positive territory in mid-session deals. Wall Street closed very sharply on Monday.
International oil benchmark Brent crude was trading 0.65 per cent lower at $91.02 per barrel.
On Tuesday, the rupee depreciated by 7 paise at 82.37 (provisional) against the US dollar in sluggish trade.
Foreign institutional investors (FIIs) remained net sellers in the Indian capital markets on Monday as they sold shares worth Rs 372.03 crore, according to exchange data.