Stock Market Today: Sensex, Nifty Gain For A Third Day Led By Bharti Airtel
The Nifty ended at 22,368.00, up 31.60 points or 0.14% while the Sensex closed at 73,738.45, up 89.83 points or 0.12%.
KEY HIGHLIGHTS
Rupee Strengthens Against U.S. Dollar
The local currency strengthened by 3 paise to close at 83.34 against the U.S. Dollar.
It closed at 83.37 a dollar on Monday.
Source: Bloomberg
Sensex, Nifty Gain For A Third Day Led By Bharti Airtel: Closing Bell
Benchmark equity indices ended little higher as shares of Bharti Airtel Ltd. led the gains but the upside was limited due to losses in those of Reliance Industries.
The Nifty ended at 22,368.00, up 31.60 points or 0.14% while the Sensex closed at 73,738.45, up 89.83 points or 0.12%.
The Index found resistance at the bearish gap zone of 22,430-22,500, said Aditya Gaggar, director of Progressive Shares. "Our view remains the same i.e. need to fill the mentioned gap zone to extend its uptrend while a level of 22,190 (50 DMA) will continue to act as support."
The India NSE Volatility Index ended 19.72% lower at 10.20 on Tuesday. "The suddenness of VIX’s fall today, especially when Nifty barely rose above 0.5%, needs to be factored in when acting on the VIX’s signal," said Anand James, Chief Market Strategist, Geojit Financial Services.
He added VIX is calculated on the basis of bid ask quotes of near as well as next month Nifty option contracts, and contracts expiring from 26th April onwards would be having a lot size of 25, half of what is in play now, which could have a role in bid asks getting tighter.
Shares of Bharti Airtel Ltd., Grasim Industries Ltd., ITC Ltd., State Bank Of India Ltd., and Maruti Suzuki Ltd. contributed the most to the gains.
While those of Reliance Industries Ltd., Sun Pharmaceutical Industries Ltd., HDFC Bank Ltd., Mahindra & Mahindra Ltd., and Bajaj Finance Ltd. capped the upside.
Sectoral indices were mixed at close with Nifty Realty rising the most by nearly 3%. Nifty Pharma fell 1%.
Broader markets outperformed benchmarks. The S&P BSE Midcap index ended 0.52% higher, and the S&P BSE Smallcap index settled 1.05% up.
On BSE, 16 sectors out of 20 advanced, and four declined. The S&P BSE Telecommunication index was the top gainer, and the S&P BSE Energy index was the top loser.
Market breadth was skewed in favour of the buyers. Around 2,347 stocks rise, 1,453 stocks declined, and 126 stock remained unchanged on BSE.
Maruti Suzuki Hits Lifetime High
The scrip rose as much as 1.87% to Rs 13,024.50 apiece, the highest level. It has risen 26.3% on a year-to-date basis and 51.5% in the last twelve months.
Aditya Birla Stocks Trade Higher
Mastek Gets Multi-Tower Deal From Yanbu Cement Co
Gets deal to optimise production processes
Source: Exchange Filing
