Indian equity markets ended higher in Tuesday’s session on a higher note, but off highs as the geopolitical tension between Iran and Israel eased.
The Nifty 50 closed the session 72 points or 0.29% higher at 25,044, the Sensex ended flat at around 82,000. The 30-pack index settled 852 points lower from the day’s high.
In line with the overall bullish market sentiments, the Nifty Bank advanced 403 points or 0.72% to end at 56,462.
The BSE Midcap pulled back almost 246 points or 0.54% to 45,818.41. On the other hand, the BSE Smallcap remained steady, surging 374 points or 0.71% to 53,053.
“Initial gains in the domestic market, driven by the ceasefire announcement and sharp drop in crude prices, were short-lived as renewed geopolitical tensions in the Middle East unsettled investor sentiment. Adding to the uncertainty was heightened volatility due to expiry day dynamics. Although the market attempted to break out of its recent consolidation range, persistent global risks continue to impede momentum,” said Vinod Nair, Head of Research at Geojit Investment.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Tuesday’s session on a positive note. During the session, out of 2,976 trading stocks, 1,966 advanced, while 917 declined, and 93 remained unchanged. Today, 44 stocks hit a fresh 52-week high. Meanwhile, 31 stocks touched a new 52-week low.
Top gainers
Adani Ports and SEZ was the top gainer in the Nifty 50 in Tuesday’s session, closing 2.89% higher. It was followed by Jio Financial Services, Shriram Finance, Grasim Industries, and Tata Steel.
Top losers
Meanwhile, the shares of ONGC were the biggest losers in today’s trade. It was followed by Power Grid Corp, IndusInd Bank, Trent, HCL Technologies, and many others.
Best and worst performing business groups
The Pennar Group’s market capitalisation has risen the most in Tuesday’s trade, gaining 4.6%. In the list of Pennar Group stocks, Pennar Industries, Saven Technologies, and Golkonda Aluminium Extrusions gained up to 4.65%. Pennar Group stocks were followed by Oswal Group, whose market cap increased by almost 4%, Essar Group’s market cap increased by 3.12%, and others. However, the Jaipuria Group’s market cap declined the most,
» Read More
