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Sensex snaps 3-day losing streak, rises 274 pts; Paytm slumps 11%, PSBs up

CLOSING BELL: Shares of Paytm hit an intra-day low of Rs 474 apiece, and ended at Rs 475.

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SI Reporter  | New Delhi 

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CLOSING BELL

Stock market highlights: Domestic equity settled sharply higher on Tuesday as weakness in oil prices brightened economic prospects. Besides, low level buying after three straight sessions of declines lent support. 

The S&P BSE surged 274 points, or 0.45 per cent, to end at 61,419, while the Nifty50 advanced 89 points, or 0.49 per cent, to shut shop at 18,249.

IndusInd Bank, NTPC, Ultratech Cement, Titan, L&T, Infosys, ITC, Tech M, Tata Steel, HCL Tech, Sun Pharma, RIL, and TCS were the top large-cap winners, rising between 0.6 per cent and 2.9 per cent. On the downside, Nestle India, Power Grid, Bharti Airtel, and Kotak Bank were the losers, down up to 0.85 per cent.

In the broader markets, the BSE MidCap index gained 0.48 per cent, while the BSE SmallCap index dipped 0.10 per cent. Among sectors, all but Reality index gained in trade. The PSU Bank index outshone the market as it added 1.66 per cent. 

New listing
Shares of Kaynes Technology India listed at Rs 778, a 33 per cent premium over its issue price of Rs 587 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 787, and a low of Rs 675 during the day. It ended at Rs 685, up 16.6 per cent against the issue price. READ MORE

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