Stock Market: Sensex Rises 361 Points, Nifty Closes Above 18,100 Amid Positive Cues. Metals Gain

Stock update: On the 30-share Sensex platform, Tata Steel, Tata Motors, L&T, Asian Paint, Wipro, Bajaj twins, Reliance, and others emerged winners

In the broader markets, the Nifty SmallCap 100 and Nifty MidCap 100 indices were up around 0.5 per cent each.

Source : Getty

Sensex and Nifty, the two key benchmark indices, firmed up in the second half of the trading session on Tuesday tracking global cues. The domestic indices landed in the green after reports of China further relaxing its pandemic-related curbs boosted investor sentiment.

The S&P BSE Sensex gained around 361 points at 60,927, while the broader NSE Nifty 50 closed at 18,132, up 118 points.

On the 30-share Sensex platform, Tata Steel, Tata Motors, L&T, Asian Paint, Wipro, Bajaj twins, Reliance, and others emerged winners. On the flip side, HUL, Nestle, ITC, M&M, and NTPC were the losers.

#ABPLiveStockMarketWatch | Indian equity benchmarks closed in green on Tuesday tracking global cues

At 03:30 PM, #Sensex gained 361 points to 60,927 & #Nifty rose 118 points to close at 18,132

Here's a look at the stocks in focus:#ClosingBell #ABPLive #MarketWatch pic.twitter.com/H4gqOeW24G

— ABP LIVE (@abplive) December 27, 2022

The overall breadth of the market stood positive as 2,577 stocks advanced, 921 declined, while 133 remain unchanged.

In the broader markets, the Nifty SmallCap 100 and Nifty MidCap 100 indices were up around 0.5 per cent each.

All sectors started shifted between gains and losses, with Nifty Metal index gaining the most, over 1 per cent in trade.

Among individual stocks, shares of NTPC gained over 1 per cent after the company inked pact with Italy-based Maire Technimont Group’s Indian subsidiary to evaluate green methanol production facility in India. Besides, shares of Suven Pharma surged over 1 per cent after global private equity giant Advent International bought 50.1 per cent stake in the company for Rs 6,313 crore.

In the previous session on Monday, the BSE benchmark closed 721 points higher at 60,566. On the other hand, the NSE Nifty 50 settled with a gain of 208 points 18,014.

Elsewhere in Asia, equity markets in Seoul, Tokyo and Shanghai ended with gains. Equity exchanges in Europe were trading in the positive territory in mid-session deals. Markets in the US were closed on Monday.

International oil benchmark Brent crude climbed 0.49 per cent to $84.33 per barrel.

Foreign institutional investors (FIIs) offloaded shares worth Rs 497.65 crore on Monday, according to exchange data.

Meanwhile, the rupee declined 20 paise to close at 82.85 (provisional) against the US dollar on Tuesday, pressured by month-end dollar demand from importers and foreign capital outflows. At the interbank foreign exchange market, the rupee opened lower at 82.71 against the greenback and witnessed an intraday high of 82.69 and a low of 82.87.

It finally settled at 82.85, down 20 paise over its previous close of 82.65.