Stock Market Recoups Losses: Sensex Gains 159 Points, Nifty Settles Over 18,800. Auto Leads

Stock update: On the 30-share Sensex platform, Tata Motors, HCL, PowerGrid, TechM, NTPC, Axis Bank, Kotak Bank were among the gainers. Bajaj twins, Sun Phrama, M&M, UltraCemco, emerged losers

In the broader market, the BSE Midcap and Smallcap indices gained 0.4 per cent each.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Tuesday recouped their losses and staged a recovery during fag-end trading amid a volatile session. The BSE Sensex closed at 63,328, up 159 points. On the other hand, the NSE Nifty50 reclaimed the 18,800-mark and settled higher by 61 points to 18,817.

On the 30-share Sensex platform, Tata Motors, HCL, PowerGrid, TechM, NTPC, Axis Bank, Kotak Bank were among the gainers. On the downside, Bajaj twins, Sun Phrama, M&M, UltraCemco, IndusInd Bank emerged losers.

#ABPLiveStockMarketWatch | Sensex and Nifty recouped their losses and staged a recovery in the fag-end trading on Tuesday

At 03:30 PM, #Sensex rose 159 points to 63,328 & #Nifty fell 61 points to close at 18,817

Here's a look at the stocks in focus#ClosingBell #ABPLive pic.twitter.com/G950FYyUZm

— ABP LIVE (@abplive) June 20, 2023

In the broader market, the BSE Midcap and Smallcap indices gained 0.4 per cent each.

All the sectoral indices ended in the green, with the power index up 1 per cent. Auto, realty, metal, and information technology indices rose 0.5 per cent each.

In the previous session on Monday, the S&P BSE Sensex settled at 63,168, down 216 points, while the NSE Nifty, after hitting an intra-day high of 18,881.45, ended at 18,755, down 71 points.

"Global worries were amplified by concerns of a possible rate hike by the US Fed in its July meeting, with investors eagerly awaiting Powell’s testimony. However, the indices managed to recover smartly, led by upside in IT and auto stocks," said Vinod Nair, Head of Research at Geojit Financial Services.

In Asian markets, Tokyo ended in the green, while Seoul, Shanghai, and Hong Kong settled in the negative territory. Equity markets in Europe were trading mostly lower.

The US markets were closed on Monday on the observance of the Juneteenth holida.

Global oil benchmark Brent crude climbed 1.22 per cent to $ 77.02 a barrel.

Foreign institutional investors (FIIs) offloaded equities worth Rs 1,030.90 crore on Monday, according to exchange data.

Meanwhile, the rupee depreciated by 18 paise to close at 82.12 (provisional) against the US dollar on Tuesday amid fresh foreign capital outflows and rising crude prices in the international market. At the interbank foreign exchange, the domestic unit opened weak at 82.03 and touched the intra-day low of 82.17.

The domestic unit settled at 82.12 (provisional) against the US dollar, registering a loss of 18 paise over the previous close. On Monday, the rupee settled at 81.94 against the dollar.