Share Market Closing Bell! Sensex jumps 500 pts, Nifty above 17550 – Metal stocks top gainers
The share market snapped Monday’s decline, as the Metal index reclaimed the top position to lift both the benchmarks.
The Indian markets on Tuesday defying weak global cues have ended on a positive note. It snapped Monday’s decline, as the Metal index reclaimed the top position to lift both the benchmarks. Sensex grew over 500 points and Nifty50 went up to 17550 levels at the market close today.
The BSE Sensex surged over 514 points or 0.88 per cent to 59,005.27, while Nifty50 jumped over 165.1 points or 0.95 per cent to 17,562 levels at the close. Similarly, the mid-cap index, following the suite of benchmarks, also gained over 187 points or 0.64 per cent to 29,442.45 levels on Tuesday.
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Fuelling the surge in the Nifty50 index, Nifty Bank closed with minor gains over 90 points or 0.24 per cent to 37,235.85, led IndusInd Bank up near 5 per cent.
Out of 50 scrips on Nifty50, 40 advanced, 10 declined at the market close on Tuesday. Metal stocks such as JSW Steel recovered yesterday’s losses and closed highest with around 6 per cent surge, while Tata Steel too grew by near 3.5 per cent at the market close.
ONGC ended second-highest, up over 5 per cent on the back of improve outlook, followed by Bajaj Finance and IndusInd Bank each soared around 5 per cent at the market close. Similarly, Bajaj Finance and ITC too closed over 3 per cent higher in a positive market today.
On the contrary, auto stocks failed to shine in the positive market, as Maruti declined most on the Index by near 2.5 per cent, followed by Hero Motor, Bajaj Auto each down by over 1 per cent, similarly, BPCL too declined by almost 1.5 per cent at the market close on Tuesday.
Except for Nifty Auto and Nifty PSU Banks, almost all other sectoral indices ended in the green, with metal stocks surging most by over 2.5 per cent, followed by IT Index up around 2 per cent and FMCG up over 1 per cent at the close, while Nifty Realty gained 3.5 per cent aiding mid-cap index most.
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