Mumbai : The 30-share pack Sensex on Tuesday rose 9.71 points or 0.02 per cent to 46,263.17. The index rose over 400 points from the day’s low. NSE Nifty followed a similar path and ended up 9.70 points or 0.07 per cent to 13,567.85 points.
For the third day of gains in succession, the benchmark indices rose thanks to heavy buying in financials and metals during the last couple of hours of trading. However, the rise was checked by increased restrictions in the western markets.
Since last few days, Foreign institutional investors have been bullish in Indian markets taking indices to a new high but experts have exercised caution saying that the market is existing on stretched valuations.
Majesco gained about one per cent after announcing dividend of Rs 974 per share.
Mrs Bectors Food sailed through the IPO and was subscribed over 3 times.
Bajaj Finance moved upwards 5 per cent, becoming a Rs 3 lakh crore company.
A total of 276 stocks hit the 52-week high. Among them were Titan, Tata Power, Kotak Mahindra Bank, Havells, GMR Infra and Voltas.
Among the bluechip companies, Bajaj Finance was the top gainer, up 5.13 per cent to Rs 5,150 followed by Bajaj Finserv, Eicher Motors, JSW Steel, Shree Cements, HDFC, Tech Mahindra, Adani Ports and UltraTech Cements.
In the Nifty index, Hindustan Unilever was the topmost loser, down 2.07 per cent to Rs 2321.60, followed by Nestle India, BPCL, ICICI Bank, SBI, TCS, ITC, ONGC and CIPLA.
Broader Markets indices registered modest gains and outperformed their headline peers while Nifty Smallcap added 0.19 per cent and Nifty Midcap rose 0.47 per cent. Nifty 500, the broadest index on NSE rose 0.08 per cent.
Nifty Media was the top gainer followed by Nifty Financial Service and Nifty Auto. On the other hand, Nifty PSU bank fell the most, followed by Nifty FMCG and Nifty Realty.
Market breadth was in favor of gainers as 1555 stocks ended in the green while 1417 companies settled with cuts.
