Sensex Rises Marginally By 100 Points, Nifty At 10,769 Level, Bajaj Finance, L&T, Infosys Remain Top Gainers

Axis Bank, M&M, ONGC and SBI were among the top laggards on Sensex.

(File Photo/ Getty)

New Delhi: Domestic equity markets on Tuesday opened in line with the Asian peers as the Sensex witnessed a marginal rise of 100 points to touch 36,587.20-mark while Nifty was hovering at 10,769.30 level. Among the top gainers were Bajaj Finance and L&T, Infosys with over 1 per cent rise. Other stocks include Bajaj Auto, and Bajaj Financial Services which followed the top gainers. Axis Bank, M&M, ONGC and SBI were among the top laggards on Sensex. Consumer durables financier Bajaj Finance Ltd is expected to consider additional accelerated provisioning for covid-19 in the first quarter of FY21 to further strengthen its balance sheet. In the March quarter of FY20, Bajaj Finance had set aside ₹900 crore as provisions for covid-19, leading to a 19.4 per cent year-on-year (y-o-y) decline in consolidated net profit at ₹948.1 crore. Equity markets ended higher for the fourth straight session on Monday supported by gains in Reliance Industries and HDFC Bank. On the result front, around 24 companies will announce their March quarter earnings on Monday. Asian Markets Asian stocks opened on a mixed note on Tuesday tracking global gains on Monday. Australia's ASX All Ordinaries added 0.15 per cent. China's Shanghai SE Composite Index also rose 1.25 per cent. Hong Kong's Hang Seng gained 0.11 per cent . as per business daily Mint. South Korea's KOSPI slipped 0.4 per cent. Singapore's SGX Nifty dropped 0.4 per cent. US Markets US stocks closed higher on Monday due to strong gains in major tech shares. The Dow Jones Industrial Average jumped 459.67 points, or 1.78 per cent, to 26,287.03. The S&P 500 was up 49.71 points, or 1.59 per cent, to 3,179.72. The Nasdaq Composite Index increased 226.02 points, or 2.21 per cent, to 10,433.65, Xinhua reported. Shares of major US tech giants, the FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, all closed higher. Of the 11 primary S&P 500 sectors, technology and communication services were up 1.8 per cent and 2.15 per cent, respectively, among the best-performing groups. Meanwhile, US-listed Chinese companies traded mostly higher on Monday, with eight of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an upbeat note. On the data front, economic activity in the US non-manufacturing sector grew in June after two consecutive months of contraction, the Institute for Supply Management (ISM) reported on Monday. Wall Street's major averages advanced last week that saw the Dow rise 3.3 per cent, the S&P 500 climb 4 per cent, and the Nasdaq jump 4.6 per cent. The moves came despite the surging number of coronavirus infections in the country. More than 2.9 million confirmed COVID-19 cases have been reported in the United States, with over 130,000 deaths, as of Monday afternoon, according to the Center for Systems Science and Engineering at Johns Hopkins University. (With inputs from IANS)