Stock Market Snaps 3-Day Losing Run: Sensex Climbs 274 Points, Nifty Ends Near 18,250
Stock update: IndusInd Bank, NTPC, UltraTech Cement, Titan, Infosys, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were among the winners on the S&P BSE
The two key equity benchmarks, Sensex and Nifty, ended with gains on Tuesday after falling for the past three days amid buying in index majors Infosys and Reliance Industries.
The BSE Sensex climbed 274 points (0.45 per cent) to end at 61,419. During the day, it jumped 321 points (0.52 per cent) to 61,466. On the other hand, the broader NSE Nifty gained 84 points (0.46 per cent) to end at 18,244.
On the 30-share Sensex platform, IndusInd Bank, NTPC, UltraTech Cement, Titan, Infosys, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were among the winners. In contrast, Nestle, Bharti Airtel, PowerGrid, HDFC Bank, and Kotak Mahindra Bank were the losers.
#ABPLiveStockMarketWatch | Indian equity benchmarks closed in green on Tuesday
— ABP LIVE (@abplive) November 22, 2022
At 03:30 PM, #Sensex rose to 61,418 by 274 points & #Nifty to 18,244 by 84 points
Here's a look at the stocks in focus:#ABPLive #MarketWatch #ClosingBell pic.twitter.com/6TGtzIqgRB
In the broader markets, the BSE MidCap index gained 0.48 per cent, while the BSE SmallCap index dipped 0.10 per cent.
Sectorwise, all but Nifty Reality index gained in trade. The Nifty PSU Bank index outshone the market as it added 1.66 per cent.
In the previous session on Monday, the BSE benchmark declined 519 points (0.84 per cent) to settle at 61,144, while the NSE Nifty dropped 148 points (0.81 per cent) to end at 18,160.
Elsewhere in Asia, markets in Tokyo and Shanghai ended higher, while Seoul and Hong Kong settled lower. Equity exchanges in Europe were trading in the green in the afternoon trade. Wall Street had ended lower on Monday.
International oil benchmark Brent crude was trading 0.67 per cent higher at $88.04 per barrel.
Foreign Institutional Investors (FIIs) offloaded shares worth a net Rs 1,593.83 crore on Monday, as per exchange data.
Meanwhile, the rupee appreciated by 12 paise to close at 81.67 (provisional) against the US dollar on Tuesday, as the American currency retreated from its elevated levels.
At the interbank foreign exchange market, the local unit opened at 81.72 and touched an intra-day high of 81.64 and a low of 81.83 against the greenback. The local unit finally settled at 81.67, registering a rise of 12 paise over its previous close.
On Monday, the rupee depreciated by 5 paise to close at 81.79 against the US dollar.
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