Domestic Equity market inched higher on Tuesday led by gains in metals, pharma and FMCG stocks amid positive global cues.
The BSE Sensex ended at 38,900.80 levels, up 272.51 points, or 0.71 per cent.21 out of 30 stocks were in advance while 9 stocks were in decline. It touched intraday high of 39,226.82 and low of 38,542.11.
The NSE's Nifty ended at 11,470.25, up 82.75 points or 0.73 per cent. 35 out of 50 stocks were in advance while 15 stocks were in decline. It touched intraday high of 11,553.55 and low of 11,366.90.
On Sectoral front, Metal, Pharma, Media, FMCG, Realty, Auto, Energy, Bank Indexes were the gainers with a gain of 3.15%, 2.34%, 1.38%, 1.28%, 0.79%, 0.58%, 0.43%, 0.24% respectively while IT Index was the only loser with a loss of 0.64%.
On BSE, Shares of Bharti Airtel, Bajaj Finance, Asian Paints, Tata Steel, NTPC, SBI, Bajaj Finserv were the gainers with a gain of 6.38%, 4.42%, 3.93%, 3.82%, 3.52%, 2.82%, 2.78% respectively while shares of ONGC, Axis Bank, Tech Mahindra ,Infosys, ICICI Bank, ITC, TCS, Bajaj Auto, HCL Tech were the losers with a loss of 3.29%,2.23%, 1.75%, 1.53%, 0.99%, 0.50%, 0.49%, 0.42%, 0.42% respectively.
On NSE, Shares of Bharti Airtel, JSW Steel, Hindalco, Asian Paints, Bajaj Finance, NTPC, Tata Steel, Cipla were the gainers with a gain of 7.11%, 6.41%, 5.26%,4.30%, 4.28%, 4.25%, 4.10%, 3.71% respectively while shares of Infratel, ONGC, Axis Bank ,Adani Ports, Infosys, Tech Mahindra, Zee Limited, IOC, Coal India were the losers with a loss of 5.11%, 2.99%, 1.72%, 1.64%,1.37%, 1.28%,0.93%,0.45% respectively.
Asian markets were mixed in early trading Tuesday after a private gauge found China’s manufacturing activity soared to a near-decade high in August.
European shares opened higher on Tuesday after clocking small gains in August, but sentiment was shaky ahead of key economic readings that are likely to indicate an uneven recovery from the coronavirus.
TOP STOCKS IN NEWS:
Bharti Airtel surged nearly 7% after the Supreme Court allowed telcos 10 years to make staggered payment of the pending AGR dues.
NTPC Gained nearly 4% as the company will seek shareholders’ nod to raise up to Rs 15,000 crore through bonds in the annual general meeting scheduled for next month.
Shares of ONGC lose nearly 5% ahead of the announcement of quarterly results today.