Domestic Equity Market ended lower on Tuesday as a slowdown in daily coronavirus cases raised hopes that the government will further ease restrictions.
The BSE Sensex ended 112.77 points or 0.28 per cent higher at 40,544.37 Levels.16 out of 30 stocks were in advance while 14 stocks were in decline. It touched intraday high of 40,732.01 and low of 40,305.59.
The NSE Nifty50 gained 23.75 points, or 0.2 per cent at 11,896.80 levels.25 out of 50 stocks were in advance while 24 stocks were in decline and 1 stock was unchanged. It touched intraday high of 11,949.25 and low of 11,837.25.
On Sectoral Front, Realty, Media, IT, Auto, Pharma, Bank Indexes were the gainers with a gain of 3.94%, 1.96%, 1.41%, 0.33%, 0.24%, 0.19% respectively while Energy, FMCG, Metal Indexes were the losers with a loss of 1.45%, 0.35%, 0.19% respectively.
On BSE, Shares of HCL Tech, Tech Mahindra, Asian Paint, Bharti Airtel, HDFC Bank, L & T ,Infosys ,TCS were the gainers with a gain of 4.19%, 3.05%, 2.35%,1.915, 1.73%, 1.58%, 1.02%,0.99% respectively while shares of ONGC, Powergrid, NTPC, Reliance, HDFC, Tata Steel, ICICI Bank, Kotak Bank were the losers with a loss of 2.67%,1.44%,1.22%,0.93%,0.86%,0.83%,0.60%,0.58% respectively.
On NSE, Shares of HCL Tech ,Tech Mahindra, Asian Paints, Bharti Airtel, HDFC Bank, L & T,JSW Steel, Wipro, TCS, Ultratech Cement were the gainers with a gain of 4.29%,3.17%, 2.94%, 2.00%, 1.75%, 1.66%, 1.66%, 1.11%,1.01%, 0.89% respectively while shares of Britannia, ONGC, Gail, IOC , UPL, Powergrid, Hindalco, NTPC, Reliance, Coal India were the losers with a gain of 5.82%, 2.60%, 2.29%,2.15%, 1.84%, 1.53%, 1.31%,1.16%, 0.94%, 0.92% respectively.
Asian shares fell moderately Tuesday as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election.
European stocks were mixed on Tuesday as concerns about the coronavirus in Europe, and a deadline for U.S. fiscal stimulus to be agreed, weighed on market sentiment.
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HDFC Bank rose over 1% as Brokerages raised the target price on HDFC Bank’s shares after the September quarter numbers.
Shares of L & T gained over 1% on today on report that the company has emerged as the lowest bidder in the financial bids for the design and construction of civil works for 47 per cent of the alignment of the Mumbai-Ahmadabad High-Speed Rail corridor.
Wipro Jumped nearly 1% after the IT firm won an Application Management (AMS) and Services Integration & Management (SIAM) contract from Fortum in Finland.
Britannia lose over 5% after analysts cut the FY21 earnings estimates for the FMCG firm by 4-6 per cent following its second quarter results.