Sensex, Nifty Recover Most Of The Two-Day Fall; Metals, Banks Outperform
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today.
Closing Bell
Indian equities staged a rebound on Tuesday, recovering most of the losses made on Friday and Monday.
The S&P BSE Sensex ended 1.7% higher at 49,398. The index gained 834 points in today's session, narrowing the gap to 50,000 down to 600 points.
The NSE Nifty 50 index also gained close to 250 points in today's session, ending 1.7% higher at 14,521.
Among the sectoral indices, the real estate index was the top performer in today's session, ending 4.1% higher. The Metal index, which was the top laggard on Monday, recovered most of its losses to end with gains of 3%. Other indices which gained over 2% were the PSU Bank index (up 2.7%) and the Media index (up 2.5%).
The Nifty Bank index too gained over 600 points in today's session to end at 32,424. The Nifty Pharma and Nifty Auto index gained 1.7% each.
Broader markets also ended higher in today's session. The Nifty Midcap index gained 2.3% while the Smallcap index ended 1.7% higher.
The India Volatility Index ended 6.1% lower at 22.9.
1,413 stocks on the NSE ended with gains while 482 stocks ended lower.
How Did The Sectoral Indices Fare
Markets At Noon
- Benchmark indices trade at the day's high
- Nifty up 1.3% at 14,472
- Sensex up 1.4% at 49,228
- Nifty Bank up 1.1% at 32,164
- Nifty Midcap index up 1.8%
- Nifty Smallcap index up 1.6%
- India Volatility Index down 5.1% to 23.1
- All sectoral indices trade with gains
- Nifty Realty remains the top sectoral gainer; up 4.2%
- Nifty PSU Bank index gains 2.5% while Media index gains 2%
- Nifty Metal index gains 1.7% while Auto index up 1.4%
- Grasim remains the top Nifty gainer; up 4.9%
- 47 out of the 50 index constituents advance
- Tech Mahindra is the top Nifty laggard; down 1%
- 1,470 stocks on the NSE trade with gains while 345 decline
PSU Banks Among Top Gainers
In Focus: PVR
In Focus: India Cements
In Focus: Torrent Pharma
In Focus: Mindtree
Markets At 10:10 A.M.
- Benchmark indices trade with gains after two days of losses
- Nifty up 0.8% at 14,400
- Sensex up 0.8% at 48,949
- Nifty Bank up 0.7% at 32,040
- Nifty Midcap index up 1.6%
- Nifty Smallcap index up 1.5%
- India Volatility Index down 2.6% to 23.77
- Nifty Realty index is the top sectoral gainer; up 5%
- Nifty Media is the other major sectoral gainer; up 2.3%
- PSU Bank index and Nifty Metal index gain 1.5% each
- Nifty Pharma and Nifty Auto up 1.2% each
- Grasim is the top Nifty gainer; up 4.3%
- 46 out of the 50 Nifty constituents advance
- HDFC Bank is the top Nifty laggard; down 0.5%
- 1,436 stocks on the NSE trade with gains while 319 stocks decline
The Franklin Templeton Case
In Focus: Citi's Earnings Expectations
Opening Bell
Indian equities opened higher after two days of decline, as sentiment across the Asia-Pacific is risk-on.
The S&P BSE Sensex opened 0.7% higher at 48,900 while the NSE Nifty 50 index gained 0.63% at the start of trade to open at 14,371.
All sectoral indices opened with gains. The Nifty Metal index which was the top sectoral laggard on Monday, opened 1% higher while the Media and PSU Bank index also opened with gains of a percent.
The Nifty Bank index opened 270 points higher above the mark of 32,000 while the Auto index trades with gains of 0.7%.
Broader markets have opened in-line with the benchmarks. The Nifty Midcap index opened 0.6% higher while the Smallcap index gained 0.7% at the start of trade.
1,222 stocks on the NSE have opened with gains while 327 are declining.
Current Market Update
A Rebound In Store
Good Morning!
Indian equities are likely to begin today's trading session on a positive note after two successive declines.
The two-session drop has taken the S&P BSE Sensex 1,500 points away from the 50,000-mark. The NSE Nifty 50 index fell over 1% each in two sessions—the first such instance after April 1 and April 3, 2020.
The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.7% to 14,372 as of 8:00 a.m. on Tuesday.
Mindtree, IndiaMart InterMesh, IRB Infra may react to their quarterly results reported after market closing on Monday.
Some key non-Nifty 50 firms reporting results today include Alembic Pharma, CSB Bank, CEAT, ICICI Lombard, L&T Infotech, Bank of Maharashtra along with three Tata Group companies — Tata Communications, Tata Metaliks and Tata Steel BSL.
Most of the Asia-Pacific region is witnessing gains in today's session with benchmarks in South Korea and Hong Kong outperforming.
Futures on the Dow Jones are currently trading 115 points higher. Markets in the U.S. were shut on Monday due to a holiday.
West Texas Intermediate crude fell 0.2% to $52.25 per barrel, while bitcoin fluctuated around the $36,000-mark.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.