Market

Banks, financials lift Sensex nearly 400 points; Adani Ports down 2%

NEW DELHI: Benchmark indices rallied on Tuesday driven by firm global cues and easing domestic inflation pressure. Stocks from bank and financial services pack were the biggest gainers while some IT stocks ended in the red.

Expectations of a good quarter for textile exporters aided by a weak rupee kept several companies in this space buzzing through the day. We also witnessed profit booking in several large-caps and high-quality midcaps.

The 30-share pack Sensex climbed 397.04 points or 0.76 per cent to close at 52,769.73. Its broader peer NSE Nifty rose 119.75 points or 0.76 per cent to 15,812.35.

“Following favourable economic outcomes and positive Asian markets, domestic bourses traded positive today. Asian shares sparked a rally after better-than-expected Chinese economic data and a bounce back in Chinese tech stocks,” said Vinod Nair, Head of Research at Geojit Financial Services.

Market at a glance:

  • Sunteck Realty gains 3 per cent after strong Q1 update
  • India VIX, the barometer of volatility, falls 3 per cent as nervousness eases
  • Investors grew richer by Rs 90,000 cr as BSE m-cap rises to Rs 232.53L cr
  • IT stocks continue to be under pressure ahead of earnings
  • Birlasoft end in red after 3 veteran investors cut stakes in Q4


MORE TO COME..

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