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MARKET WRAP: Indices hit new highs, Nifty tops 12,350; IndusInd Bk slips 4%

All that happened in the markets today

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

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Snubbing the lackluster trade witnessed throughout the day, benchmark indices soared during the last trading hour to hit new life-time highs on Tuesday. The S&P BSE Sensex edged towards the 42,000-mark to hit a high of 41,994, while the broader Nifty50 crossed the psychological level of 12,350 to hit 12,374.

At close, the Sensex was at 41,952.63 level, up 92.94 points or 0.22 per cent, lifted by gains in HDFC, ITC, Axis Bank and TCS. At the index level, Hero MotoCorp, ITC, and M&M, up between 1.5 and 2 per cent, were the top gainers. On the downside, IndusInd Bank, Reliance Industries, and SBI, down up to 4 per cent, were the top laggards. 

On the NSE, the Nifty50 settled 30.35 points, or 0.25 per cent, higher at 12,359.90-mark. Nifty Media and FMCG were the top performing indices on the NSE, up 2.26 and 1.4 per cent, respectively. On the other hand, Nifty Private Bank index closed 0.53 per cent lower.

The broader markets, continued to trade higher for sixth day today. The S&P BSE mid-cap index gained 0.74 per cent to close at 15,403.17 level, while the S&P BSE small-cap index advanced 0.71 per cent to settle at 14,383.55 level.

GLOBAL CUES

Asian shares rose, China’s yuan jumped and safe-harbor assets slipped on Tuesday, amid signs of goodwill between China and the United States.

Japan's Nikkei added 0.7 per cent to hit its highest in a month, while Australian shares rose by the same margin to close at a record.

In Europe, investors remained cautious ahead of their Q4 earnings. The pan-European STOXX 600 index fell 0.2 per cent by 1:40 pm, in its third straight day of declines.

(With inputs from Reuters)

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