Sensex Today: Key benchmarks indices sharply higher on Tuesday as weakness in oil prices brightened economic prospects. Besides, low-level buying after three straight sessions of declines lent support.
The S&P BSE Sensex surged 274 points, or 0.45 per cent, to end at 61,419, while the Nifty50 advanced 89 points, or 0.49 per cent, to shut shop at 18,249.
IndusInd Bank, NTPC, Ultratech Cement, Titan, L&T, Infosys, ITC, Tech M, Tata Steel, HCL Tech, Sun Pharma, RIL, and TCS were the top large-cap winners, rising between 0.6 per cent and 2.9 per cent. On the downside, Nestle India, Power Grid, Bharti Airtel, and Kotak Bank were the losers, down up to 0.85 per cent.
In the broader markets, the BSE MidCap index gained 0.48 per cent, while the BSE SmallCap index dipped 0.10 per cent. Among sectors, all but Nifty Reality index gained in trade. The Nifty PSU Bank index outshone the market as it added 1.66 per cent.
Shares of Kaynes Technology India listed at Rs 778, a 33 per cent premium over its issue price of Rs 587 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 787, and a low of Rs 675 during the day. It ended at Rs 685, up 16.6 per cent against the issue price.
Global Cues
Globally, the US markets slipped overnight, weighed down by energy stocks as crude oil prices dropped. Dow Jones, the S&P 500, and NASDAQ Composite indices declined up to 1 per cent.
This morning, markets in Asia-Pacific, meanwhile, were mixed as Nikkei 225, Topix, and the S&P 200 advanced up to 1 per cent. Kospi, Kosdaq, and Shanghai Composite indices, however, were muted.
At the commodities front, prices of Brent Crude rebounded marginally from early losses after Saudi Arabia refuted reports of increasing oil supply with OPEC and its allies. Brent Crude hovered around $87 per barrel, up 0.07 per cent, whereas WTI Crude slipped below $80 per barrel, down 0.4 per cent.
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