- Homes in top-10 cities cut expenses sharply as fuel prices continue to rise
- Govt may raise over Rs 10,000 cr via Bharat Bond ETF by December
- Mcap of 5 of 10 most valued firms down by Rs 1.42 trn; HUL and RIL most hit
- Bond yield rise may put pressure on stock valuations, rally in markets
- GDR manipulation: Sebi passes directions against Southern Ispat and Energy
- Oil cools off highs as leaders' comments reignite Covid-19 fears
- Wall Street down on taper talk, earnings concerns; Nasdaq falls 121 points
- BS BFSI Insight Summit: Time for crypto regulation, say panelists
- Sebi imposes Rs 33 lakh fine on eight entities for fraudulent trading
- Sebi streamlines grievance redressal system, to benefit clients
MARKET WRAP: HDFC twins lift indices; Sensex up 601 pts, Nifty tops 11,650
All that happened in the markets today
The Indian stock market ended over one per cent higher on Tuesday, led by healthy buying in counters such as HDFC, HDFC Bank, ICICI Bank, Infosys, and Asian Paints.
The S&P BSE Sensex gained 601 points, or 1.54 per cent to settle at 39,575 levels and the Nifty50 index ended above the 11,650 mark at 11,662, up 159 points, or 1.38 per cent.
HDFC (up over 8%) and IndusInd Bank (up over 3%) were the top Sensex gainers, followed by M&M (up 3%), and Asian Paints (up 3%). On the other hand, Tata Steel (down over 1 per cent) ended as the biggest loser on the index.
The trend among Nifty sectoral indices was largely positive, led by the Nifty Financial Services index, up over 3 per cent.
In the broader market, the S&P MidCap and SmallCap indexes ended 0.59 per cent and 0.55 per cent higher, respectively.
Asian stock markets advanced to a more than two-week high on Tuesday after US President Donald Trump was discharged from hospital following treatment for Covid-19, and as prospects for a fresh US stimulus package appeared to brighten.
In Europe, stocks eased from a two-week high as a slide in technology and healthcare stocks along with mixed corporate updates took some shine off equities.
In commodities, oil prices gained due to fears that refineries could be hit by a storm brewing in the Gulf of Mexico. Gold, on the other hand, eased as equities gained.
(With inputs from Reuters)