Closing Bell: Pharma, IT lift Sensex, Nifty; Dr Reddy's, Infosys among top gainers
Markets were volatile as the session witnessed a tussle between the bulls and bears where the former trumped the latter. The India VIX, a gauge for volatility in Nifty was up over 2 per cent at 16.13
Domestic equity markets closed emphatically on Tuesday aided by stong action in pharma and IT stocks. Benchmark indices BSE Sensex closed at 61,121.35, up nearly 374.76 points 0.62 per cent. Meanwhile, Nifty50 was trading at 18,145.40, higher by 133.20 points or 0.74 per cent.
The markets were volatile as the session witnessed a tussle between the bulls and bears where the former trumped the latter. The India VIX, a gauge for volatility in Nifty was up over 2 per cent at 16.13.
In the 30-share Sensex, 22 stocks were gainers at the closing time while 8 were among losers. In the 50-share Nifty50, 38 stocks advanced while 12 declined.
The stock markets closed on a strong footing ahead of the crucial US Federal Reserve's FOMC meeting which begins later today. This was the fourth successive positive closing for Sensex and Nifty.
Nifty managed a comfortable closing above 18000, a level that it recaptured after 48 days on Monday.
The biggest gainers on BSE were NTPC, Power Grid and Dr Reddy's Laboratories while top losers were Axis Bank, Maruti Suzuki and Reliance Industries. On Nifty, Divi's Lab, PowerGrid and NTPC were among top gainers. The top losers were Axis Bank, UP and Eicher Motors.
Out of 15 Nifty sectoral indices, 11 were on the winning side while, 4 were on the losing side. The biggest gainers were Nifty Pharma (+2.12 per cent), Nifty IT (+1.89 per cent) and Nifty Healthcare Index (+1.93 per cent).
Action was seen in the broader markets as well as NIFTY MIDCAP 100 ended at 31,705.50, up by 0.87 per cent while NIFTY SMALLCAP closed at 100 9,707.85, higher by 0.22 per cent.
The rupee closed at 82.70 after moving in a small range of 82.60 to 82.80.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
HDFC Bank's new credit card offers customers to decide their billing cycle, reward points and cashback; know more about it
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
08:03 PM IST