Sensex, Nifty close high for fourth day in a row on strong global cues; pharma stocks in demand
According to market observers, the key indices discarded the previous day's lacklustre performance to trade with substantial gains although some gains were capped as investors booked profits in banking and realty stocks
Mumbai: Key Indian equity indices on Tuesday provisionally closed on a higher note with strong buying witnessed in stocks of healthcare majors like Dr. Reddy's Lab, Sun Pharma, Cipla and Lupin.
According to market observers, the key indices discarded the previous day's lacklustre performance to trade with substantial gains although some gains were capped as investors booked profits in banking and realty stocks.
The wider Nifty50 of the National Stock Exchange (NSE) rose by 28.15 points or 0.27 percent to provisionally close (at 3.30 p.m.) at 10,326.90 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,438.28 points, closed at 33,478.35 points -- up 118.45 points or 0.36 percent -- from Monday's close.
The Sensex touched a high of 33,625.05 points and a low of 33,437.61 points during intra-day trade.
The BSE market breadth was bullish -- 1,462 advances and 1,220 declines.
On Monday, the indices closed on a flat-to-positive note as selling pressure in IT, banking and Teck stocks, along with subdued global cues and outflow of foreign funds, trimmed gains.
The NSE Nifty50 closed higher by 15.15 points or 0.15 percent to close at 10,298.75 points, while the Sensex closed at 33,359.90 points -- up 17.10 points or 0.05 percent.
Market Roundup: Sensex, Nifty make swift recovery after three-day slide; today's top gainers and losers
At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45
Market Roundup: Sensex, Nifty skid for third day as bank stocks tumble; today's top gainers and losers
After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40
Tata Steel, Bajaj Finserv and SBI were among the top gainers at both the BSE Sensex and NSE Nifty50 whereas Dr Reddy and Axis Bank were among the top losers in both the indices