On the Sensex chart, all 30 stocks closed with gains, with Bajaj Finance, SBI, Bajaj Finserv, L&T and Titan rising 5.13 per cent.
Highlight
- The BSE Sensex fell over 1,700 points on Tuesday to cross the 58,000 mark.
- The NSE Nifty ended 509.65 points or 3.03 per cent higher at 17,352.45.
- 30 stocks ended higher with Bajaj Finance, SBI, Bajaj Finserv, L&T, Titan rising 5.13%.
On Tuesday, the BSE gauge Sensex crossed the 58,000 mark and Nifty hit the 17,000 level on Tuesday after falling over 1,700 points in the previous session.
The 30-share Sensex closed 1,736.21 points or 3.08 per cent higher at 58,142.05 – offsetting Monday’s losses. Similarly, the NSE Nifty closed 509.65 points or 3.03 per cent higher at 17,352.45.
On the Sensex chart, all 30 stocks closed with gains, with Bajaj Finance, SBI, Bajaj Finserv, L&T and Titan rising 5.13 per cent.
“As the road went into trading today after yesterday’s biggest single-day drop in the past ten months, investors are left wondering whether the blueprint has really changed. A confluence of headwinds is now weighing on investors’ minds.” , even though we had massive pull back today’s rally led by auto, bank, IT and FMCG, said S Ranganathan, head of research at LKP Securities.
However, the narrative for the day was that investors used the correction to their advantage, triggering short covering amid encouraging January export data.
Elsewhere in Asia, fears of a possible Russian invasion of Ukraine closed with losses. The US administration has warned Russia of dire consequences if it attacks Ukraine.
Global crude oil benchmark Brent futures fell 2.44 per cent to $94.13 a barrel on Tuesday. Foreign institutional investors (FIIs) were net sellers in the capital market on Monday as they offloaded shares worth Rs 4,253.70 crore, according to stock exchange data.
,