Sensex rises 165 points in volatile trading, Nifty almost stable
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Mumbai Major stock indices Sensex and Nifty closed with gains on Tuesday due to buying in big stocks like HDFC Bank, TCS and Reliance Industries amid mixed signals from Asian markets. The 30-share Sensex closed 165.32 points or 0.22 per cent higher at 73,667.96 in volatile trade. During the day’s trading it had increased by 501.52 points to reach 74,004.16 points. Similarly, Nifty of National Stock Exchange closed almost stable at 22,335.70 points with a marginal increase of 3.05 points or 0.01 percent.
Among Sensex companies, HDFC Bank rose more than two percent. Apart from this, there were significant gains in TCS, Maruti, Infosys, Reliance Industries and Bharti Airtel. On the other hand, shares of State Bank of India, JSW Steel, ITC, Tata Motors, UltraTech Cement and Nestle closed with losses. Vinod Nair, Head of Research, Geojit Financial Services, said that after sharp profit-booking the previous day, there was limited trading in the domestic market today. Mid cap and small cap stocks remained under pressure due to valuation concerns. He said global sentiment also remains mixed as investors await US inflation data.
Elsewhere in Asia, Japan’s Nikkei and China’s Shanghai Composite closed lower, while South Korea’s Kospi and Hong Kong’s Hang Seng rose. European markets were trading with gains in afternoon deals. US markets closed with mixed sentiment on Monday. Global oil benchmark Brent crude was up 0.86 percent at $82.92 per barrel. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 4,212.76 crore on Monday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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