Sensex Today: Shrugging off initial weakness, benchmark indices settled higher Tuesday amid robust buying in heivyweights like HDFC Bank, Reliance Industries, Kotak Bank, Bharti Airtel, NTPC, Axis Bank, and Asian Paints.
The S&P BSE Sensex index, which slipped to a low of 71,012 earlier today, ended at 71,337, up 230 points or 0.32 per cent. Similarly, the Nifty50 ended at 21,441, up 92 points or 0.43 per cent, bouncing back from a low of 21,329.
In the broader markets, the BSE MidCap index outperformed its peers by rising 0.72 per cent. The BSE SmallCap, on the other hand, performed almost in-line by rising 0.48 per cent.
Among sectors, the Nifty Metal, Pharma, and Healthcare indices gained over 1 per cent each, followed by 0.98 per cent rise in the Nifty Auto index.
On the downside, the Nifty Media index fell 0.58 per cent, and the Nifty IT shed 0.4 per cent.
Global Cues
Asian stocks traded tentatively on Tuesday, while the dollar lurked near a five-month low as cooling US inflation bolstered bets the Federal Reserve would cut interest rates soon.
Investors were still digesting data released on Friday that showed U.S. prices fell in November for the first time in more than 3-1/2 years, underscoring the economy’s durability.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.18% higher, on course for a 1.6% gain this year. Japan’s Nikkei eased 0.07% but remains the best performing Asian stock market with a 27% gain for the year.
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