The key benchmark indices continued to trade on a bouyant note on Tuesday well supported by steady gains in IT, auto, FMCG and financial shares. Index heavyweight Reliance Industries too was up smartly. At close, the Sensex was up 776.72 points or 1.37 per cent at 57,356.61, and the Nifty was up 246.80 points or 1.46 per cent at 17,200.80. About 1886 shares have advanced, 1422 shares declined, and 108 shares are unchanged.
Bajaj Auto, Adani Ports, Hero MotoCorp, Power Grid Corp and M&M were among the top Nifty gainers while losers included ONGC, Apollo Hospitals, Axis Bank, Hindalco Industries and Asian Paints.
Mahindra & Mahindra was the top gainer among the Sensex 30 shares, up 4 per cent. IndusInd Bank too jumped 3.5 per cent.
Bajaj Finance, SBI and Infosys were rallied around 2 per cent each. Sun Pharma, Dr.Reddy’s, Axis Bank, Hindustan Unilever, ITC, Titan and Bharti Airtel were the other prominent gainers.
Sectorally, the BSE Auto index rallied 2.5 per cent. The Power and Realty indices surged 2 per cent each. The Oil & Gas, Bankex, IT, Healthcare and FMCG indices were also up over a per cent each. All sectoral indices were in positive zone.
Among stocks, Zee Learn cracked 15 per cent, and YES Bank rose 1 per cent. The bank has moved NCLT seeking initiation of insolvency proceedings against Zee Learn for a default of Rs 468 crores with respect to a financial facility.
Global Cues
US stocks stormed back from sharp losses in the morning to notch gains Monday, the latest round of turbulence for Wall Street. The S&P 500 climbed 24.34 points, or 0.6 per cent, to 4,296.12 after erasing an early 1.7 per cent loss. The Dow Jones industrial average rose 238.06 points, or 0.7 per cent, to 34,049.46 after earlier being down 488 points, while the Nasdaq composite rallied 165.56, or 1.3 per cent, to 13,004.85 to lead the market.
Tokyo stocks opened higher on Tuesday as investors cheered gains on Wall Street while keeping a cautious eye on Chinese shares. The benchmark Nikkei 225 index added 0.59 per cent, or 155.59 points, at 26,746.37, while the broader Topix index firmed 0.36 per cent, or 6.69 points, to 1,884.09.The dollar stood at 127.59 yen, off from 128.15 yen on Monday in New York.
Hong Kong stocks started Tuesday with small gains after suffering another hefty drop in the previous session, though traders remain on edge over China’s worsening Covid outbreak and lockdowns. The Hang Seng Index rose 0.60 percent, or 119.70 points, to 19,989.04. The Shanghai Composite Index edged up 0.07 per cent, or 1.94 points, to 2,930.43, while the Shenzhen Composite Index on China’s second exchange added 0.10 per cent, or 1.74 points, to 1,791.76.
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