Lagatar24 Desk
Mumbai, Oct.26: Reliance Industries, Kotak Mahindra Bank, Bajaj Finance, ITC, Tata Steel, and Asian Paints led the Indian market benchmarks up for the second day in a row on Tuesday. The benchmarks traded in a range bound manner in the first half of the day after staging a gap up opening. In the latter portion of the session, however, persistent buying interest in auto and metal stocks propelled the indexes to intraday highs.
The Sensex surged 531 points to a new intraday high of 61,497.71, while the Nifty 50 index rose to a new high of 18,310.
The Sensex rose 383 points to conclude at 61,350, while the Nifty 50 index rose 142 points to 18,268.
All 19 of the BSE’s sector gauges ended higher, headed by the S&P BSE Realty index, which gained more than 3%. The Metal, Auto, Oil & Gas, Consumer Durables, Energy, Consumer Discretionary Goods & Services, FMCG, Industrials, and CONSUMER DURABLES indices all increased by 1-2.9 percent.
The S&P BSE MidCap index increased 1.75 percent, while the S&P BSE SmallCap index rose 2.2 percent, outperforming their larger peers.
After its profit plummeted in the second quarter of the current financial year, Ceat Limited slid as much as 7.94% to an intraday low of Rs.1, 191.
Despite their profit tripling in the September quarter, Canara Bank slid almost 4% to end at Rs. 193.
After its asset quality improved in the second quarter of the current financial year, Kotak Mahindra Bank ended 2.77 percent higher at Rs. 2,214.
The highest Nifty gainer was Tata Motors, which surged 5.84 percent to settle at Rs.508. Tata Steel, SBI Life, Nestle India, Titan, JSW Steel, Hindalco, Bajaj Finance, Asian Paints, and Tata Consumer Products all saw their stock prices rise by 2.8 to 4%.
ICICI Bank, Power Grid, NTPC, HDFC Bank, Dr Reddy’s Labs, Bharat Petroleum, TCS, Hindustan Unilever, Adani Ports, and Axis Bank, on the other hand, were among the losers.
The overall market breadth was positive as 2,218 shares ended higher while 10,556 closed lower on the BSE.
