The Indian benchmark indices ended higher on Tuesday on strong buying by domestic investors in the final hour of day’s trade ahead of inflation data to be released later today. The market sentiments got a lift by string buying in index heavyweights such as Tata Motors, Infosys, Adani Ports, Axis Bank, Wipro and RIL.
The 30-share benchmark index closed trade at 26697.82, up by 182.58 points or by 0.69 per cent and the NSE Nifty ended at 8221.8, up by 51 points or by 0.62 per cent.
The caution prevailed in the market ahead of key monetary policy meeting from the US Federal Reserve which will begin its two-day policy meet on Tuesday and expected to conclude with the year’s first interest rate hike. The central bank had raised interest rate in December 2015, which was the first of its kind since the recession.
During the day’s trade, the BSE Sensex touched intraday high of 26724.97 and intraday low of 26494.23, while the NSE Nifty touched intraday high of 8228.85 and intraday low of 8155.8.
Bucking the trend, the broader market ended in negative terrain with the BSE MIDCAP closing at 12341.89, down by 53.76 points or by 0.43 per cent, while the BSE SMLCAP settled at 12222.52, down by 8.11 points or by 0.07 per cent.
The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 470.35,+3.48%), Adani Ports & Special Economic Zone Ltd. (Rs. 288.00,+2.35%), Wipro Ltd. (Rs. 462.65,+1.86%), Axis Bank Ltd. (Rs. 452.35,+1.74%), Infosys Ltd. (Rs. 990.05,+1.28%), among others.
On the flip side, GAIL (India) Ltd. (Rs. 423.00,-1.34%), Tata Steel Ltd. (Rs. 420.65,-0.79%), Lupin Ltd. (Rs. 1492.10,-0.71%), Hindustan Unilever Ltd. (Rs. 829.75,-0.41%), NTPC Ltd. (Rs. 164.90,-0.33%), were among top losers on BSE.
On the sectoral front, auto and IT stocks emerged as top gainers, adding as much as 0.98 per cent and 0.85 per cent respectively.
The market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2914, shares advanced were 1335 while 1375 shares declined and 204 were unchanged.