Stock Market Live: Nifty, Sensex Extend Gains For Second Day Led By Airtel, Infosys

India's benchmark indices extended their rally for the second session in a row, led by gains in the IT sector.

The NSE Nifty 50 closed 104.70 points or 0.42% higher, at 25,041.10, while the S&P BSE Sensex closed 361.75 points or 0.44%, up at 81,921.29.

During the day, the Nifty rose as much as 0.78% to 25,130.50, while the Sensex also jumped 0.78% to 82,196.55.

After a knee-jerk reaction in the opening trade, one-way up move was seen in the markets; however, towards the end of the trading session, the Nifty pared-off half of its gains to settle the trade at 25,041.10 with gains of 104.70 points, according to Aditya Gaggar, director of Progressive Share Brokers.

"As indicated yesterday, the index has tested the higher end of the resistance zone i.e. 25,100, a firm close above the same is a must to confirm a trend continuation while on the downside, a level of 24,850 will act as an immediate support," he said.

Shares of Bharti Airtel Ltd., Infosys Ltd., Tata Consultancy Services Ltd., and Axis Bank Ltd. led the gains in the Nifty.

Shares of HDFC Life Insurance Co., and Bajaj Finance Ltd. contributed the most to the losses in the index.

Most sectoral indices on the NSE advanced, with Nifty Media gaining the most.

On BSE, 18 sectors ended higher, and two declined out of 20. The BSE Utilities ended with the most gains, while the BSE Financial Services declined the most.

Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.53% and 1.53% higher, respectively.

Market breadth was skewed in favour of buyers. Around 2,594 stocks rose, 1,343 stocks declined, and 105 stocks remained unchanged on BSE.

• Rupee weakened by 3 paise to end at 83.98 against the US dollar.

• It closed at 83.95 on Monday.

Source: Bloomberg

• The NSE Nifty 50 and BSE Sensex indices ended higher for second day in a row. 

• The Nifty 50 moved in the range of 233.7 points, and the BSE Sensex moved in 751.25 points.

• Bharti Airtel Ltd., Infosys Ltd., and Tata Consultancy Services Ltd. were top leader. 

• HDFC Life Insurance Co. Ltd., Bajaj Finance Ltd., and SBI Life Insurance Co. Ltd. were the top dragger. 

• The NSE Nifty Media and Nifty IT were the top sectoral indices on Tuesday.

• The NSE Nifty Finance and Nifty Oil & Gas were the top loser sectors. 

• The NSE Nifty FMCG rose 0.50% to 64,790.95, the highest level since its inception as ITC Ltd. led gains. The index hit record high for second day in a row. 

• The NSE Nifty Midcap 150 ended 1.10% higher at 21,853.55.

• The NSE Nifty Smallcap 250 ended 1.25% higher at 18,383.00.

• Vodafone Idea Ltd.'s promoter KM Birla bought 1.86 cr shares in co at Rs 13.38/share on Sept 6.

• Pilani Investment And Industries Corp bought 30 lk shares of co at Rs 13.41/share on Sept 6.

Source: NSE