Domestic Equity Market traded positive on Tuesday as investors tracked mixed signals from global peers and avoided making fresh bets in equities amid upward move in bond yields. Gains were led by Auto and IT stocks, meanwhile FMCG, Pharma and Banking stocks were also supported the market. The Sensex ended 447.05 points or 0.90% higher at 50,296.89 with shares of Mahindra & Mahindra, NTPC, Bajaj Auto, Tech Mahindra, TCS, Maruti, Infosys, HCL Tech, Nestle India with having gains of 4.98%, 3.83%, 3.53%, 3.44%, 2.88%, 2.83%, 2.79%, 2.52%, 1.74% respectively while shares of ONGC, HDFC, Powergrid,Dr. Reddy, SBI, Kotak Bank were having losses of 3.16%,1.63%, 1.196%, 1.06%, 0.27%,. 0.07% respectively. The Nifty Fifty rose 157.55 points or 1.07% to settle at 14,919.10 with sectors like Auto, IT, FMCG, Pharma, Media were having gains of 3.19%, 3.04%,1.38%, 1.36%, 0.81% respectively.
TOP STOCKS IN NEWSCAST:
Mahindra & Mahindra jumped over 4% after registering a 25 percent jump in tractor sales for the month of February. Mahindra sold 15,380 vehicles during the month, compared to 10,675 vehicles in February 2020, registering a growth of 44 percent.
Bajaj Auto rose over 3% as the company launched the updated Platina 100 Electric Start (ES) motorcycle on March 2 for Rs 53,920.
Maruti Suzuki gained surged over 2% as the company reported an 11.8% increase in wholesales to 1.64 lakh units in February. Sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, increased by 15.3% year-on-year.