Stock Market Today – Stock Market & Equity Market, Sensex, Niffty Updates Today: Indices end higher for fifth straight session, Sensex up 21 points

Shares, Stock Market, Sensex, Nifty: The benchmark indices of the BSE and the National Stock Exchange (NSE) extended their gains for the fifth consecutive session and ended marginally higher on Tuesday.

The S&P BSE Sensex rose 20.86 points (0.04%) to end at 58,136.36, while the NIfty 50 added 5.40 points (0.03%) to 17,345.45. Both indices had opened marginally lower earlier in the day and moved in a tight range throughout the session.

In the Sensex pack, IndusInd Bank, Asian Paints, NTPC, Maruti Suzuki India, Hindustan Unilever (HUL), State Bank of India (SBI) and Mahindra & Mahindra (M&M) were the day’s top gainers, while Tech Mahindra, Housing Development Finance Corporation (HDFC), Larsen & Toubro (L&T), Tata Steel, HDFC Bank and Bharti Airtel were the major laggards.

Across sectors, the Nifty PSU Bank index rose 2.68 percent, while the Nifty FMCG rose 0.64 percent and Nifty Auto rose 0.54 percent. On the other hand, Nifty Realty fell 1.69 percent and Nifty IT fell 0.67 percent.

In the broader market, the S&P BSE MidCap ended at 24,535.78, up 122.33 points (0.50%), while the S&P BSE SmallCap settled at 27,549.73, up 94.35 points (0.34%). On NSE, the Volatility Index or India VIX rose 5.97% to 18.53.

“Global indicators did not favor the bulls, with most Asian and Western markets trading lower on concerns about rising geopolitical tension between the US and China. Also, economic data points to a slowdown in demand , major markets around the world are trading on fears of a recession.The domestic market, however, has proved resilient thanks to increased demand for heavyweights and a strengthening Indian rupee supported by falling yields on US Treasuries and FII buying,” said Vinod Nair, head of research at Geojit Financial Services.

Global Markets (from AP)

Global stocks were mostly lower on Tuesday as an expected visit by US House Speaker Nancy Pelosi to Taiwan drew threats from Beijing.

European stocks were mostly down in early trade, after benchmarks ended mostly lower in Asia. France’s CAC 40 fell 0.5% in early trade to 6,406.15, while Germany’s DAX lost 0.7% to 13,388.26. Britain’s FTSE 100 was little changed, rising less than 0.1% to 7,416.42. S&P 500 futures lost 0.6%, while Dow industrials lost 0.4%.

In Asian trade, Japan’s benchmark Nikkei 225 fell 1.4% to 27,594.73. South Korea’s Kospi fell 0.5% to 2,439.62. Hong Kong’s Hang Seng fell 2.4% to 19,689.21, while the Shanghai Composite fell 2.3% to 3,186.27.



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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!