Sensex Rises 350 Points, Nifty Settles Above 17,300 Amid Strong Global Cues

Midcap and smallcap shares finished on a strong note as Nifty Midcap 100 index surged 0.41 per cent lower and small-cap rose 0.34 per cent

Adani Ports, Eicher Motors, Divis Labs, Bharti Airtel, JSW Steel, HDFC, SBI Life, Ultratech Cement, Cipla, and Shree Cement were the top gainers in the large-cap space, up between 2 per cent and 4.6 per cent. Image: Getty

New Delhi: The Indian equity benchmarks, Sensex and Nifty, on Tuesday settled in the green for the second straight session amid positive global cues.

The 30-share BSE Sensex closed at 57,944, up 350 points, while the NSE Nifty closed day’s trade 103 points higher at 17,325.

Index majors such as HDFC twins, Bharti Airtel, and Infosys gained amid a largely positive trend in global equity markets.

Adani Ports, Eicher Motors, Divis Labs, Bharti Airtel, JSW Steel, HDFC, SBI Life, Ultratech Cement, Cipla, and Shree Cement were the top gainers in the large-cap space, up between 2 per cent and 4.6 per cent.

On the flipside, Hero MotoCorp, ONGC, Coal India, Indian Oil Corporation, PowerGrid, ITC, and Maruti Suzuki dropped the most, falling between 1 per cent and 6.6 per cent.

Among specific stocks, Ruchi Soya was another top gainer, settling 16 per cent up, after the company clarified that the SMSes pertaining to investments in its follow-on public offering (FPO) have not been issued by the company or its promoters.

Midcap and smallcap shares finished on a strong note as Nifty Midcap 100 index surged 0.41 per cent lower and small-cap rose 0.34 per cent.

The overall market breadth stood negative as 1,436 shares advanced while 1,975 declined on the BSE.

10 out of the 15 sector gauges, compiled by the National Stock Exchange, ended in the green. Nifty Consumer Durables, Nifty Pharma and Nifty Financial Services outperformed the index by rising as much as 1.03 per cent, 1.54 per cent and 1.01 per cent, respectively.

In the previous trade on Monday, the BSE climbed 231.29 points (0.40 per cent) to settle at 57,593.49. The NSE Nifty recovered 69 points (0.40 per cent) to 17,222.

Elsewhere in Asia, bourses in Tokyo, Seoul, and Hong Kong ended with gains, while Shanghai settled marginally lower.

European markets were trading with gains ahead of peace talks between warring Ukraine and Russia in Turkey.

Meanwhile, international oil benchmark Brent crude recovered 0.52 per cent to $113.1 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 801.41 crore on Monday, according to stock exchange data.