Lagatar24 Desk
Mumbai, Jan 4: Indian equity indexes on Tuesday rose again, supported by increases in banking and finance companies. The 30-share BSE Sensex closed at 59,856, up 673 points or 1.14 percent, while the wider NSE Nifty closed at 17,805, up 180 points or 1.02 percent. From its previous closing, the BSE index jumped more than 750 points to an intraday high of 59,937.
The market capitalization of BSE-listed businesses increased by Rs. 5.41 lakh crore to Rs. 2,71,41,356.34 in just two trading days, aided by the recent surge.
The Nifty Midcap 100 index increased by 0.27 percent, while the Nifty Smallcap 100 index increased by 0.32 percent.
The National Stock Exchange’s 15 sector indices all ended the day in the green. Nifty Bank, Nifty PSU Bank, Nifty Financial Services, and Nifty Auto all gained more than 1%.
According to data from the Centre for Monitoring Indian Economy (CMIE), India’s jobless rate reached a four-month high in December.
On a stock-by-stock basis, NTPC was the highest gainer on the Nifty, rising 5.16 percent to 132.50.
ONGC, SBI, PowerGrid, and Titan all saw their stock prices rise.
Yes Bank, a private lender, soared as much as 3.56 percent after reporting an increase in net advances and deposits in the fourth quarter.
Tata Motors, Coal India, Sun Pharma, Tata Consumer Products, and Shree Cement, on the other hand, dropped as much as 1.66 percent.
The BSE index saw the greatest increases, with shares of NTPC, SBI, PowerGrid, Titan, Reliance Industries, and Bajaj Finane jumping as much as 5.56 percent.
On the BSE, the overall market breadth was positive, with 1,892 shares rising and 1,492 falling.
