Post Session: Sensex ends 173 pts higher, Nifty settles above 8,280

10/01/2017 16:37

Indian equity benchmarks ended in the positive territory on Tuesday, with benchmark index Sensex ended nearly 173 points higher, while NSE Nifty settled above 8,280-mark, on value-buying in select blue-chip stocks despite caution as December quarter corporate earnings season begins, amidst mixed cues from fellow Asian peers.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 26,899.56 up by 173.01 points or 0.65 per cent, while the NSE Nifty ended at 8,288.6 up by 52.55 points or 0.64 per cent.

Besides, investors keenly eyed the December quarter corporate earnings of IT bellwether TCS and rival Infosys to be unveiled on Thursday and Friday respectively.

Meanwhile, Indusind Bank on Tuesday reported its net profit of Rs 750.64 crore for the quarter ended December 31, 2016, as compared to Rs 581.02 crore for the quarter ended December 31, 2015, buoyed sentiment at D-Street.

During the day’s trade, the BSE Sensex touched intraday high of 26,914.95 and intraday low of 26,804.17, while the NSE Nifty touched intraday high of 8,293.8 and intraday low of 8,261.

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 294.05,+3.25%), Tata Motors Ltd. (Rs. 515.30,+2.99%), Tata Steel Ltd. (Rs. 430.90,+2.10%), Asian Paints Ltd. (Rs. 924.35,+1.54%), HDFC Bank Ltd. (Rs. 1212.35,+1.46%), among others.

On the flip side, Axis Bank Ltd. (Rs. 447.35,-1.17%), Dr. Reddy’s Laboratories Ltd. (Rs. 3048.35,-0.58%), Housing Development Finance Corporation Ltd. (Rs. 1216.45,-0.47%), NTPC Ltd. (Rs. 162.30,-0.43%), Lupin Ltd. (Rs. 1487.55,-0.21%), was among top losers on BSE.

On the sectoral front, metal and auto sector stocks emerged as top gainers, rising as much as 1.31 per cent and 1.26 per cent respectively.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 3,110 shares traded, 1,746 advanced while 1,219 shares declined and 145 remained unchanged.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s