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Indices snap 4-day losing streak, Sensex up 86 pts; Jet Airways tanks 40%

All that happened in the markets today

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

sensex, bse
Benchmark indices halted their four-day losing streak to end Tuesday's session higher, lifted by gains in financials and IT stocks.

The benchmark S&P BSE rose 86 points, or 0.2 per cent, higher to 39,046, with Vedanta, Coal India, Power Grid, ICICI Bank, and HCL Tech among the top gainers. Out of the 30 BSE scrips, 20 ended the day in the green. Nearly 966 shares advanced, 1,571 declined, while 124 remained unchanged.

The broader Nifty50 index climbed 19 points, or 0.17 per cent, to 11,691.5.

Of the 11 sectoral indices, four ended the session in the red. IT index gained the highest 0.58 per cent, followed by Metal index, up 0.5 per cent.

In the broader market, the S&P BSE MidCap index ended the day at 11,543, up 12 points, or 0.08 per cent, while the S&P SmallCap index tumbled 60 points, or 0.4 per cent, to 14,113.

BUZZING STOCKS

Dabur stocks slid 5 per cent to Rs 382 in morning deals on the BSE on Tuesday after global brokerage firm Goldman Sachs downgraded the stock to 'sell' from ‘neutral’. The stock ended the day 3.23 per cent lower at Rs 387.85. READ MORE

Shares of Jet Airways crashed 41 per cent to Rs 40.45 on Tuesday, after State Bank of (SBI) - led lenders’ consortium moved National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the airline. READ MORE

Shares of HDFC Asset Management Company (AMC) slipped 7 per cent to Rs 1,802 on the BSE on Tuesday after the company said it has offered exits to investors of some fixed-maturity plans (FMPs) by transferring Rs 500 crore worth of their exposures to Essel group firms on to its own books. READ MORE

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