Welcome to ETMarkets Watch, your daily wrap-up to the day on Dalal Street. I am Nikhil Agarwal.
Tracking upbeat mood in other global markets, stronger rupee and lower US bond yields, the benchmark equity indices closed higher on Tuesday, led by banking, financial and IT stocks.
The 30-share Sensex surged 1,276 points to end above the 58,000 mark. Its broader peer, Nifty50, ended at 17,274, up 386 points. The indexes saw their sharpest one-day gain since Aug. 30.
IndusInd Bank was the biggest gainer from the 30-share pack, rising 5.29 per cent to Rs 1,217.30. Bajaj Finance was up 4.23 per cent, TCS increased 3.58 per cent, and Bajaj Finserv surged 3.46 per cent. HDFC Bank, HDFC, Tata Steel and L&T also ended with gains.
Sectorally, the Nifty Pvt Banks rose 3.16 per cent, and Nifty Metal increased 3.13 per cent. Nifty Financial Services and Nifty IT also closed higher. Nifty Midcap50 and Smallcap50 surged 3.10 per cent and 2.01 per cent, respectively.
Earlier in Asian Market, Japan’s Nikkei 225, South Korea’s Kospi and Taiwan’s Taiwan Weighted surged 2.96 per cent, 2.50 per cent and 2.08 per cent, respectively. The Indian rupee rose 30 paise to close at 81.52 against the US dollar.
Investors turned richer by Rs 5.57 lakh crore as the market capitalisation of all BSE-listed companies went up to Rs 273.84 lakh crore. The market breadth was skewed in favour of bulls as about 2,583 gained and 854 stocks declined.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye.
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