Sensex ends 350 pts higher, Nifty tops 17,300; HDFC twins lead
Dalal Street extended rally for the second session on Tuesday, thanks to strong buying in healthcare and realty space and hopes for progress in Russian-Ukraine peace talks.
Dalal Street extended rally for the second session on Tuesday, thanks to strong buying in healthcare and realty space and hopes for progress in Russian-Ukraine peace talks.
The Sensex and Nifty50 ended with more than 1% gain, led by index heavyweights such as Reliance Industries, Tech Mahindra, Bajaj Finserv, ITC, TCS, and Infosys.
Snapping the two-session gaining streak, Sensex and Nifty50 ended 1% lower on Monday, weighed down by selling in power and FMCG stocks.
The benchmark Sensex and Nifty ended the week with a 4% gain amid renewed optimism of progress in peace talks between Russia and Ukraine as well as ease in crude oil prices.
Out of the top 30 shares on the Sensex pack, barring Power Grid and Sun Pharma, all heavyweights closed in the green zone, led by UltraTech Cement, Axis Bank, and IndusInd Bank.
Among sectors, all indices closed in red, barring auto, while metal and oil and gas declined the most.
Titan Company, Maruti Suzuki India, Asian Paints, Mahindra & Mahindra and Hindustan Unilever were among the top five losers on the BSE Sensex, falling up to 5%.
Ending two sessions gaining streak, the Sensex closed 778 points lower at 55,469, and the Nifty 50 fell 188 points to 16,606, led by sharp selling in auto and banking stocks.
The 30-share Sensex fell over 1,000 points in the early deals, but rebounded strongly to end 389 points higher at 56,247 ahead of the release of the December quarter GDP data.
The BSE Sensex and the NSE Nifty closed 0.3% higher, led by gains in index heavyweights such as Tata Steel, Bajaj Finance, Bajaj Finserv, RIL, and Titan.