Lagatar24 Desk
Mumbai, Jan 11: The Indian equity indexes rose again on Tuesday powered by increases in information technology firms. The 30-stock BSE Sensex rose 221 points, or 0.37 percent, to 60,616, while the wider NSE Nifty rose 52 points, or 0.29 percent, to 18,056. Both indices gained for the third consecutive session.
Mid- and small-cap stocks finished slightly higher, with the Nifty Midcap 100 index up 0.09 percent and the Nifty Smallcap 100 index up 0.06 percent, respectively.
The National Stock Exchange collected 15 sector indices, and eight of them ended the day in the green. The Nifty IT index outpaced the index by 1.03 percent. On January 12, IT behemoths Tata Consultancy Services, Wipro, and Infosys will kick off the third-quarter (Q3) results season.
On a stock-by-stock basis, HCL Tech was the leading gainer on the Nifty, rising 4.49 percent to 1,346. The gainers included Adani Ports, HDFC, Tech Mahindra, and ONGC.
JSW Steel, Tata Steel, BPCL, Hindalco, and Coal India, on the other hand, were among the laggards.
On the BSE, the overall market breadth was positive, with 1,939 stocks rising and 1,507 falling.
HCL Tech, HDFC, Tech Mahindra, TCS, Reliance Industries, and Sun Pharma saw the highest increases on the 30-share BSE platform, with their shares gaining as much as 4.30 percent. Among the losers were Tata Steel, Bajaj Finance, ITC, Dr Reddy’s, Kotak Mahindra Bank, and Asian Paints.
Meanwhile, the daily increase of Covid-19 instances has remained significant, albeit Tuesday’s increase of 1,68,063 cases was slightly lower than Monday’s 1,79,723.
Analysts said investors should be unconcerned about the Covid problem because the Omicron version is not virulent and hospitalisation cases are limited, despite its rapid spread.
