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MARKETS: Sensex zooms 425 points as heavyweights gain; Nifty ends at 11,483

All that happened in markets today

Market Wrap  |  Sensex  |  Nifty

SI Reporter  | New Delhi 


After falling for two straight sessions, the domestic equity market made a solid comeback on Tuesday amid heavy buying in select blue-chip counters such Reliance Industries (RIL) and bank stocks including SBI, ICICI Bank, HDFC Bank, YES Bank and Axis Bank.  

The S&P BSE rallied 425 points or 1.12 per cent to settle at 38,233.41, while NSE's Nifty50 index closed at 11,483, up 129 points or 1.14 per cent.

Bank index jumped 601 points or 2.05 per cent to end at a record high of 29,882.15, with all the 12 constituents ending in the green. 

Market breadth remained in favour of advances as out of 2,858 companies traded on BSE, 1,403 advanced while 1,290 declined, whereas 165 scrips remained unchanged. 

In the broader market, the S&P BSE MidCap index gained 163 points or 1 per cent to settle at 15,079 while the S&P BSE SmallCap index ended at 14,684, up 96 points or 0.66 per cent.


Reliance Industries (RIL) jumped 3.16 per cent to Rs 1,367 apiece on BSE after its unit Reliance Retail (RRL) acquired consumer goods company ITC’s menswear brand John Players.

Pidilite Industries hit a record high of Rs 1,239, up 5 per cent, in intra-day trade on the BSE on the expectation of healthy earnings growth. The stock, eventually, ended at Rs 1,227, up 4 per cent.

ended over 6 per cent higher at Rs 271 apiece on BSE after Naresh Goyal, the Promoter and Chairman of Jet Airways, along with his wife, Anita Goyal stepped down from their positions in the board. Etihad Airways nominee Kevin Knight has quit the board too.


Barring IT stocks, all the sectoral indices ended in the green. IT index shed 0.39 per cent to settle at 15,357, with 5 components advancing and the rest five declining. 


Asian shares drifted higher on Tuesday after two days of losses as US 10-year Treasury yields edged up, but the outlook remained murky as investors weighed the odds of whether the US economy is in danger of slipping into recession.

MSCI’s broadest index of Asia-Pacific shares outside Japan rebounded 0.2 per cent after losing 1.4 per cent in the previous session. Australian shares were flat, while Japan’s Nikkei jumped 2.1 per cent after recording its biggest drop since late December on Monday.

(With Reuters inputs)


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