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| capitalstars financial research pvt. ltd. |
In what was anticipated to be a day of bloodbath on D-Street, a trend reversal in the last few hours of trade helped Indian shares close on a positive note.An abrupt resignation by RBI governor Urjjit Patel late on Monday, along with jitters among investors who bet on a stable government added to the negative sentiment.
In fact, overnight, the Nifty futures on Singaporean Exchange fell 450 point as well, bracing investors for a similar impact here.
However, some clarity emerging on single party getting a majority in all states could have aided sentiment on the markets.
Among sectors, pharmaceuticals, PSU banks, consumption, IT and automobiles, among others, were the big gainers. Meanwhile, the Nifty Midcap index closed with gains of 2 percent.
However, some clarity emerging on single party getting a majority in all states could have aided sentiment on the markets.
Among sectors, pharmaceuticals, PSU banks, consumption, IT and automobiles, among others, were the big gainers. Meanwhile, the Nifty Midcap index closed with gains of 2 percent.
At the close of market hours, the Sensex was up 190.29 points or 0.54% at 35150.01, while the Nifty was up 60.70 points or 0.58% at 10549.20. The market breadth was positive as 1623 shares advanced, against a decline of 771 shares, while 139 shares were unchanged.
Yes Bank and Sun Pharma were the top gainers, while HDFC Bank, Bharti Airtel, HPCL and IOC lost the most.
Yes Bank and Sun Pharma were the top gainers, while HDFC Bank, Bharti Airtel, HPCL and IOC lost the most.
HEADLINES OF THE DAY
Country’s largest lender State Bank of India (SBI) said extradition of fugitive liquor baron Vijay Mallya from the UK to India will speed up the recovery of over Rs 9,000 crore of loans.
Tata Consultancy Services shares climbed 1.5 percent intraday Tuesday after the sharp depreciation in Indian currency and the launch of new solution for airline industry.
The Indian rupee has recovered sharply from its low points, surging over 50 paise to around 71.88 per US dollar.
The Indian rupee has recovered sharply from its low points, surging over 50 paise to around 71.88 per US dollar.
The crucial resistance for Nifty spot is now seen at 10660 and above this 10830 Support for the immediate term is now placed at 10470 next support will be 10300.
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