Mumbai, February 17: Indian equity benchmarks ended higher for the second straight session on Tuesday, supported by buying in banking, information technology, and capital goods shares.
The 30 share BSE Sensex rose 173.81 points, or 0.21 percent, to close at 83,450.96. During the session, the index touched an intraday high of 83,598 and a low of 82,987.43, reflecting a volatile but upward trending trade.
The 50 share NSE Nifty advanced 42.65 points, or 0.17 percent, to settle at 25,725.40.
IT, PSU and Infra Stocks Support Market Momentum
Among Sensex constituents, gains were led by ITC, Bharat Electronics Ltd, Larsen & Toubro, Infosys, Asian Paints, Titan, Adani Ports, HCL Technologies, Sun Pharmaceuticals, Maruti Suzuki India, InterGlobe Aviation, State Bank of India and Tech Mahindra.On the other hand, Eternal, Tata Steel, Trent, Reliance Industries, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Bharti Airtel, Kotak Mahindra Bank and Hindustan Unilever closed in the red.
Broader Markets Outperform; Global Cues Mixed
The broader market also remained firm. The BSE Smallcap Select Index climbed 0.49 percent, while the Midcap Select Index gained 0.26 percent, indicating sustained interest beyond frontline counters.Across Asia, Nikkei 225 ended 0.47 percent lower. Markets in China, Hong Kong, and South Korea were closed on account of the Lunar New Year holidays.
European markets traded higher during the session, while US equities remained shut on Monday due to Presidents Day.
FIIs Continue Selling; Crude Prices Ease
According to exchange data, foreign institutional investors offloaded equities worth Rs 972.13 crore on Monday. In contrast, domestic institutional investors bought shares worth Rs 1,666.98 crore, providing support to the market.In commodities, Brent crude declined 0.79 percent to USD 68.13 per barrel.
Previous Session Recap
On Monday, the BSE Sensex had surged 650.39 points to close at 83,277.15, while the NSE Nifty gained 211.65 points to settle at 25,682.75, setting the tone for Tuesday’s extended advance.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
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