Jubilant Ingrevia, Capri Global Capital, SAIL, Supreme Petrochem and Deepak Nitrite witnessed strong buying interest from market participants as they scaled their fresh 52-week highs on Friday, signalling bullish sentiment.
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Sensex rises over 200 points in early trade
Equity benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors Reliance Industries, ICICI Bank and HDFC twins amid largely positive cues from Asian peers.
The 30-share BSE index was trading 236.71 points or 0.49 per cent higher at 48,120.09. Similarly, the broader NSE Nifty advanced 68.55 points or 0.48% to 14,379.35.
ONGC was the top gainer in the Sensex pack, rising over 3 per cent, followed by M&M, PowerGrid, Bajaj Finance, L&T, ICICI Bank and Bajaj Finserv. On the other hand, TCS, Tech Mahindra, Infosys, Dr Reddyâs and HCL Tech were among the laggards.
The NSE Nifty 50 index was up 0.36% at 14,363.20, while the S&P BSE Sensex was 0.35% higher at 48,052.45. Each index fell more than 3% on Monday, making it their second worst day in 2021.
Rising Covid-19 cases caps gains in Indian shares
Rising Covid-19 cases caps gains in Indian shares
The NSE Nifty 50 index rose 0.3% to 14,683.50 and the S&P BSE Sensex gained 0.1% to 49,201.39. The indexes rose as much as nearly 1% earlier in the day, after falling about 1.5% on Monday.
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Domestic markets have become volatile after a sharp surge in Covid-19 cases. (Photo: Reuters)
Indian shares rebounded on Tuesday to close higher, helped by pharma and metal stocks, while a second surge in domestic coronavirus cases and fears over its impact on the economy capped gains.
The NSE Nifty 50 index rose 0.3% to 14,683.50 and the S&P BSE Sensex gained 0.1% to 49,201.39. The indexes rose as much as nearly 1% earlier in the day, after falling about 1.5% on Monday.