Equity benchmarks indices started off Tuesday’s trade on a strong note with the Sensex rising 237 points Intraday but pared gains amid late profit booking. The selling pressure was seen in FMCG, technology and select banks while auto, oil and telecom stocks gained. Share holders maintained a cautious stance ahead of macro-economic data – GDP, fiscal deficit and core sector.
The market gained for the third consecutive session, though it closed off the day’s high. The BSE Sensex rose 43.84 points to 26394.01 and the NSE Nifty advanced 15.25 points to 8142.15 after hitting a two-week high of 8197. Overall 1572 shares have advanced,1032 shares have declined and 196 shares are unchanged.
The India VIX (Volatility) index was down 1.92% at 17.7075. The broader markets also gains with the BSE Midcap closed 66 points at 12366 and Small cap indices jumped 67 points to 12173, both indices ending marginally up.
The Rupee closed marginally higher by 0.11 paise at 68.65 per dollar. Gold declined 56 points at Rs 28680 per 10 gms and silver dropped 177 points at Rs 40495 per Kg.
On the global front, Asian stocks closed on a mixed note. China’s index Shanghai Composite closed higher 0.19% and Hong Kong’s index Hang Seng index slipped 0.41% while Japan’s index Nikkei 225 also slipped 0.27%.
In Europe market, the FTSE down 0.45%, CAC 40 and DAX were trading in green while, the US Nasdaq was also down 0.56%.
Top Gainers are Eicher Motors, Idea Cellular, Maruti Suzuki, Bosch, GAIL
Top Losers are Hindalco, Axis Bank, Sun Pharma, BPCL, ITC