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Indian equities fluctuated for most parts of the trading day, but managed to eke out modest gains as the session came to a close.
The S&P BSE Sensex ended 42 points higher at 49,201 while the NSE Nifty 50 index rose 0.3% to end at 14,683.
Gains on the Nifty were led by Adani Ports & Special Economic Zone Ltd., which ended 14.5% higher - its biggest single-day jump since January 2009. Other gainers on the Nifty were FMCG stocks like Tata Consumer Products Ltd. and Asian Paints Ltd.
Among sectoral indices, the Nifty Pharma index was the top sectoral gainer, ending with gains of 1.8%. All the constituents of the index ended higher. The Nifty Metal index continued its winning run, ending higher for the seventh straight day with gains of 1.4%. The index ended at the highest level since April 2011.
The Nifty FMCG index was the other sectoral gainer, ending 0.9% higher.
Among the laggards, the Nifty Bank index underperformed, shedding close to 200 points or 0.5% to end at 32,501. The Nifty Media index too fell 0.3% in today's session.
Broader markets outperformed the benchmark indices by a distance in today's session. The Nifty Midcap index rose 0.9% while the Smallcap index ended with gains of 1.3%.
The India Volatility Index fell 1.8% to end at 20.84.
1,157 stocks on the NSE ended with gains while 756 stocks posted losses.
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Shares gained as much as 8.7% to Rs 481.1 - the highest since July 2019. The stock is up for the fourth straight day.
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Indian equities opened with gains but pared them soon after on Tuesday. Sentiment across the Asia-Pacific is mixed but Wall Street scaled new highs overnight.
The S&P BSE Sensex opened 0.6% higher at 49,441 while the NSE Nifty 50 index rose 0.7% at the start of trade to open at 14,737. Both benchmark indices pared their respective gains soon after market opening.
Both benchmark indices, despite ending with losses of over 1.5% on Monday, ended off the lowest point of the day.
Among the sectoral indices, the Nifty Bank index has opened with gains of 0.7% or nearly 250 points. The Nifty Metal index has opened with gains of 1% while the Nifty I.T. index has opened with gains of 0.8%.
The Nifty Auto index is up 0.7% while the PSU Bank and FMCG indices have opened with gains of 0.4% each. The Media index trades little changed after a sharp drop on Monday.
Broader markets have opened largely in-line with the benchmark indices. The Nifty Midcap and Smallcap indices have both opened with gains of 0.6% each.
Good Morning!
Indian equities ended Monday's session on a weak note, despite recovering from the day's low. Rising coronavirus cases kept sentiment in check. The country reported over 1 lakh new infections for the first time since the onset of the pandemic.
Selling pressure was seen across the board with financials leading the laggards. Only IT and metal stocks managed to buck the trend. Foreign investors sold shares worth close to Rs 1,000 crore on Monday.
Futures are pointing to a subdued start for Tuesday's trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,708, as of 8:00 a.m.
Stocks like Bajaj Finance, Sobha, JSPL, RBL Bank, among others, will be in focus on account of their quarterly business updates released after market hours on Monday.
Asian equities are mixed this morning, despite their peers in the U.S. hitting a record high overnight. Benchmark indices in Japan and China dipped, while those in Australia outperformed. Hong Kong markets remain shut on account of a holiday.
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