FINAL TRADE: Sensex ends 91 pts higher, Nifty up 35 points at 25,419; Hero MotoCorp settles over 3% higher
Indian equity benchmarks ended on a posiitve note after a mixed start today.
Indian equities after a lacklustre start ended Tuesday's session mildly higher ahead of the crucial Fed outcome later tomorrow. At the close, Sensex was up 90.88 points or 0.11 per cent at 83,079.66 , while Nifty ended at 25,418.55, up 0.14 per cent ot 34.8 points. Broader markets, meanwhile, underperformed the headline indices.
Sectorally, it was a mixed session, with metal and PSU Banking stock ending in the red, while gains in the realty, auto and consumer durables capped the losses.
From the Nifty pack, top gainers included stocks like Hero MotoCorp, M&M, Bajaj Auto, NTPC and Bharti Airtel, while laggards were Eicher Motors, Tata Motors, Adani Ports, Coal India and Tata Steel.
On the market performance today, Vinod Nair, Head of Research, Geojit Financial Services said, "The Indian market exhibited a subtle positive momentum, driven by the anticipation of a rate cut cycle by the US FED. Although a 25-bps cut is largely factored in, the market remains attuned to the FED's comments on the health of the economy and the future trajectory of rate cuts."
Primarily, as institutional flows remain strong, the overall momentum on the D-Street continued to remain upbeat.
While the overall trend remained positive, there was notable buying interest in large-cap stocks, particularly in sectors such as IT, FMCG, and private banks
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04:19 PM IST