Mumbai: Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday, helped by fag-end buying in banking counters and a firm trend in global markets. The BSE Sensex climbed 363.99 points or 0.45 per cent to settle at 80,369.03. Intra-day, it fell by 583.69 points to 79,421.35.
NSE Nifty Rises 0.52 pc Driven by Strong Domestic Institutional Buying on Monday
The NSE Nifty rose 127.70 points or 0.52 per cent to 24,466.85. Unabated buying by domestic institutional investors (DIIs) also helped in the rebound, traders said. From the 30 Sensex pack, State Bank of India jumped 5 per cent, followed by ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, Bajaj Finance and Larsen & Toubro. In contrast, Maruti, Tata Motors, Sun Pharma, Bharti Airtel, IndusInd Bank and Mahindra & Mahindra were among the laggards. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,228.08 crore on Monday, while DIIs bought equities worth Rs 1,400.85 crore, according to exchange data.
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In Asian markets, Seoul, Tokyo and Hong Kong settled in the green while Shanghai ended lower. European markets were trading higher. The US markets ended in positive territory on Monday. Global oil benchmark Brent crude climbed 0.66 per cent higher at USD 71.89 a barrel. The BSE benchmark jumped 602.75 points or 0.76 per cent to settle at 80,005.04 on Monday. The Nifty soared 158.35 points or 0.65 per cent to 24,339.15.
Equities Surge in Early Trading Amid ICICI Bank Gains and Positive Asian Markets On thrusday
Equities opened higher on Monday, buoyed by ICICI Bank’s strong performance and positive Asian market trends. The BSE Sensex jumped 462.45 points to 79,864.74, while the NSE Nifty rose 112.1 points to 24,292.90, supported by a 14.5 pc increase in ICICI Bank's standalone profit for Q2. Other gainers included State Bank of India and Infosys, while JSW Steel and ITC lagged. However, Foreign Institutional Investors (FIIs) sold Rs 3,036.75 crore in equities on Friday, contributing to a decline of over 0.8 pc in BSE and Nifty, which closed at 79,402.29 and 24,180.80, respectively.
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