Share Market Today: Sensex Climbs 362 Points; Nifty Settles Above 25,000. IT, Media Shine
Share Market Today: On the 30-share Sensex platform, HCLTech, Bharti Airtel, TechM, NTPC, PowerGrid, Axis Bank emerged gainers. On the down side, HUL, M&M, Tata Motors, SBI were among the losers
Share Market Today: The two equity benchmark indices, Sensex and Nifty, on Tuesday closed in the green, marking their second straight day of gains following a rebound in the US markets and fresh foreign fund inflows. The 30-share BSE Sensex rose 362 points to close at 81,921. It jumped 637 points during intraday trade. On the other hands, the NSE Nifty50 surged 105 points to 25,041.
Stock update
On the 30-share Sensex platform, HCLTech, Bharti Airtel, TechM, NTPC, PowerGrid, Axis Bank emerged gainers. On the down side, HUL, M&M, Tata Motors, SBI were among the losers.
A total of 2,587 stocks advanced while 1,352 declined and 103 remained unchanged on the BSE.
In the broader markets, the BSE Smallcap gained 1.53 per cent, while the BSE Midcap advanced 0.53 per cent.
Sectoral update
Sectorwise, Financial Services, PSU Bank, and Oil & Gas indices were the only ones to see declines, falling by 0.31 per cent, 0.05 per cent, and 0.24 per cent, respectively. Media index emerged as the top performer, rising by 2.69 per cent. It was followed by the IT, Pharma, and Healthcare indices, which each saw gains ranging from 1.73 per cent to 1.02 per cent.
In the previous session on Monday, the 30-share BSE Sensex closed 375 points higher to 81,560, while the NSE Nifty50 settled at 24,936, rising 84 points.
"With an overnight rebound on Wall Street, strong net buying from both FIIs and DIIs, and sluggish oil prices, bullish traders are expected to pursue bargains," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
Global update
In Asian markets, Shanghai and Hong Kong settled higher while Seoul and Tokyo ended lower. European markets were trading on a mixed note. The US markets ended significantly higher on Monday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,176.55 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 1,757.02 crore.
Global oil benchmark Brent crude declined 1.39 per cent to $70.84 a barrel.
Rupee falls 2 paise
The rupee traded in a narrow range on Tuesday and depreciated 2 paise to close at 83.97 (provisional) against the American currency, weighed down by the strengthening of the American currency in the overseas market. Forex traders said the US dollar recovered amid mixed non-farm payrolls data.
At the interbank foreign exchange market, the local unit opened at 83.95 against the American currency and finally settled at 83.97 (provisional) against the US dollar, down 2 paise from its previous close. On Monday, the rupee traded in a narrow range and closed flat at 83.95 against the American currency.
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