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- Snowman Logistics soars 13%, nears 52-week high on heavy volumes
- IFB Industries rallies 57% in a month on healthy growth outlook
- Rossari Biotech stock advances 11% to hit new high since listing
- Chart check: 97% Nifty500 stocks trade above their respective 200-DMA
- BSE Smallcap index hits 31-month high; Paisalo Digital zooms 53% in 4 days
- US stimulus fix propels Asian shares, Nikkei zooms to 30-year high
- Wipro hits new high, trades close to buyback price of Rs 400
- Borosil Renewables hits new high; stock zooms 113% in 11 days
- Fineotex Chemical surges 29% in 2 days after Nippon India MF buys 6% stake
Indices gain for 5th straight day, Sensex ends 259 pts up; banks outperform
All that happened in the markets today
The Indian benchmark indices extended their winning run to the fifth straight day on Tuesday, with major contribution from banks and financials.
Among the headline indices, the S&P BSE Sensex gained 259 points, or 0.55 per cent, to close at 47,613, a fresh closing high. The index hit an intra-day high and low of 47,715 and 47,362, respectively. The broader Nifty50 ended the day at 13,933, up 59 points, or 0.43 per cent.
IndusInd Bank (up 5%) was the top Sensex gainer, followed by Tech Mahindra and Axis Bank (both up 2%). On the other hand, Nestle India and NTPC slipped 1 per cent each while Reliance Industries also settled half a per cent lower. Out of the 30 Sensex constituents, 15 ended the day in the green.
The Nifty sectoral indices were mixed, with Nifty Bank index (up 1.4%) offsetting the losses in Nifty Metal index (up 1%).
Broader markets, meanwhile, underperformed their peers, with S&P BSE SmallCap index ending 0.16 per cent higher while the MidCap index slipped 0.07 per cent.
Vinod Nair, Head of Research at Geojit Financial services said, "A major part of the global developments like stimulus and Brexit deal are priced in the market. In the absence of major domestic or global events expected in the near-term, the market will focus on the upcoming Q3 earnings and stock-specific updates."
Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh U.S. stimulus teed up a strong end to the year for riskier assets. The MSCI World Index was up 0.3 per cent, extending recent gains after gains in Asia, where Japanese stocks hit a 30-year high. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.45 per cent.
Early gains in Europe were broad-based, with all major indexes rising, led by Britain’s blue-chip shares. They rose on their first day of trading since the Christmas Eve agreement of a trade deal with the European Union. The FTSE 100 rose 1.5 per cent in early deals, on course for its fourth straight day of gains, led by drugmaker AstraZeneca on news its Covid-19 vaccine is set to be granted emergency use approval within a few days.
(with inputs from Reuters)