Indian stock benchmarks extended their winning run for the third consecutive session on Tuesday amid volatile trading. Domestic indices have fluctuated between gains and losses during intraday deals before going green on fag-end buying rates in bank and auto stocks.
Globally, equities in Asia were mixed, while US stock futures traded higher after an overnight decline on Wall Street.
At home, the 30-share BSE Sensex rose 246 points, or 0.45 percent, to close at 54,768 today, while the broader NSE Nifty slid 62 points, or 0.38 percent, to settle at 16,341.
Mid and small cap stocks finished strong as Nifty Midcap 100 gained 0.67 percent and small cap climbed 1.02 percent.
11 of the 15 sector meters – compiled by the National Stock Exchange – were in green. Sub-indexes Nifty Bank and Nifty Auto outperformed the NSE platform by rising 1.02 percent and 1.05 percent, respectively.
However, Nifty Pharma and Nifty Oil& Gas were down 0.25 percent and 0.13 percent each
Overall market size was positive: 2,031 shares advanced, while 1,278 shares fell on BSE.
On the 30-share BSE index, Axis Bank, IndusInd Bank, M&M, Tata Steel, UltraTech Cement, Bajaj Finserv, SBI, Bharti Airtel, ICICI Bank, Reliance Industries, NTPC and Hindustan Unilever were among the top winners with a rise of a staggering 2.35 percent.
Nestle India, HCL Tech, Sun Pharma, Kotak Mahindra Bank, Dr Reddy’s, Infosys, Asian Paints, Titan, ITC, PowerGrid and Tech Mahindra, on the other hand, finished in the red.
Furthermore, shares of Life Insurance Corporation of India (LIC), the country’s largest insurer and largest domestic financial investor, fell 1.09 percent to end at Rs 688.75.