The 30-share pack Sensex on Tuesday went up 397.04 points or 0.76 per cent to close at 52,769.73 points while its broader peer NSE Nifty increased 119.75 points or 0.76 per cent to 15,812.35 points in the wake of firm global hues and easing domestic inflation pressure.
Stocks from financial services and banks were the largest gainers while some IT stocks ended in the Red. The Market witnessed profit booking in several large caps and high quality madcaps.
The Market highlights
— Sunteck Realty gained 3 per cent after strong Q1 update
— India VIX, the volatility barometer, dropped 3 per cent with investors’ nervousness easing.
— Investors became richer by Rs 90,000 Crore with BSE mid-cap rising to Rs 232.53L Cr
— IT stocks were under pressure before earnings
— Birlasoft closed in the Red after 3 big investors put off stakes in Q4.
ICICI Bank was the largest gainer among the top stocks, rising 2.75 per cent. The other gainers were Grasim, HDFC, Axis Bank, SBI Life Insurance, Sun Pharma, ONGC, NTPC, HDFC Life Insurance, UPL and Coal India.
Among the losers in the Nifty pack were Adani Ports (at the top), falling 1.91 per cent, followed by Dr Reddy’s Labs, HCL Tech, Tata Consumer, Tech Mahindra, Maruti Suzuki and HUL.
Broader market indices outperformed their headline peers by ending higher. Nifty smallcap gained 1.03 per cent while Nifty Midcap rose 0.21 per cent. Nifty 500, the broadest index on NSE, ended up 0.59 per cent.
Market breadth was in favour of the gainers with 1854 stocks ending in the Green and 1360 stocks settling with cuts. As many as 510 securities hit the 52-week highs, mostly from smallcap space. Eleven stocks hit the 52-week lows mostly from microchip space.
About 520 stocks hit the upper circuit limits and 210 touched ower circuit limits.
