Stock Market Today: Sensex Extends Rally To Recoup More Than Half Of Last Week's Losses
Intraday on Tuesday, Nifty fell as much as 0.8% and Sensex fell as much as 0.7%. Nifty ended 0.48% or 117 points up at 24456.15 and Sensex ended 0.45% or 363.99 points higher at 80369.03.
KEY HIGHLIGHTS
Most US Futures Little Change Before Earnings & US Jobs Data
The S&P 500 futures was trading 0.02% higher at 5,862.50, and the Nasdaq Future was 0.07% higher at 20,511.00 as of 3:32 p.m. IST. The Dow Jones Industrial Average future was 0.01% down at 42,603.00 as of 3:32 p.m. IST.
Economic Data Due Later Tuesday
US: Goods Trade Balance
US: Prelim Wholesale Inventories m/m
US: CB Consumer Confidence
US: JOLTS Job Openings
Sensex Extends Rally To Recoup More Than Half Of Last Week's Losses: Closing Bell
Benchmark equity indices extended their recovery for a second consecutive session as bank stocks led the gains but shares of automobile companies capped the upside.
During the five-session fall before these two sessions of gains, Nifty had fallen 2.7% and Sensex lost 2.2%.
Intraday on Tuesday, Nifty fell as much as 0.8% and Sensex fell as much as 0.7%. Nifty ended 0.48% or 117 points up at 24456.15 and Sensex ended 0.45% or 363.99 points higher at 80369.03.
Along with domestic quarterly earnings, the market participants will now take cues from earnings of big tech companies in the US, US election outcome as well as a slew of economic data to be released later this week.
"The Index (Nifty) has formed a bullish candle and is on the verge of giving a breakout from a Falling Wedge formation while the leading indicator RSI has given a positive crossover suggesting a trend reversal, " said Aditya Gaggar, director of Progressive Shares. "A level of 24,570 will be considered a breakout point while the Index managed to defend yesterday's low of 24,140 which will serve as immediate support."
Shares of ICICI Bank Ltd., State Bank Of India, HDFC Bank Ltd., Larsen & Toubro Ltd., and Bharat Electronics Ltd contributed the most to the gains. While those of Infosys Ltd., Tata Motors Ltd., Maruti Suzuki Ltd., Bharti Airtel Ltd., and Sun Pharmaceutical Industries Ltd. capped the upside.
Most sectoral indices rose. Nifty PSU Bank was top gainer and Nifty Auto fell the most
Market breadth was skewed in favour of buyers. Around 2,214 stocks advanced, 1,643 stocks declined, and 125 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.74% and 0.71% higher, respectively.
On BSE, 14 sectors advanced, and six declined out of 20. The BSE Realty rose the most, and the BSE Auto declined the most.
Rupee Closes Flat Against Dollar
Rupee closed flat at 84.079 against the US dollar.
It closed at 84.076 on Monday.
Source: Bloomberg
Markets At Close
Nifty and Sensex extended recovery for a second consecutive session
Nifty ends 0.48% or 117 points up at 24456.15
Sensex ends 0.45% or 363.99 points higher at 80369.03
Intraday, Nifty fell as much as 0.8% and Sensex fell as much as 0.7%
Broader indices outperformed; Nifty Midcap 100 ended 0.9% up and Nifty Smallcap 250 closed 0.7% higher
Most sectoral indices rose. Nifty PSU Bank was top gainer and Nifty Auto fell the most
Bharat Electronics and SBI were top Nifty gainers
Tata Motors and Maruti Suzuki fell the most
