Mumbai, Aug 20 (UNI) The benchmark indices on Tuesday ended with handsome gains as the BSE Sensex rose 378 points while the NSE Nifty was up over 126 points mainly on positive global cues after major Asian, European and US markets climbed up hoping clear signal from US Fed on rate cuts.
The market opened on a positive note with buying in heavy weights including IT and energy sectors. The BSE Sensex opened nearly 300 points up and kept the momentum throughout the session as it climbed 519 points during intra-day to touch day’s high at 80,942.96 before settling at 80,802.86 up 378 points from previous close.
The Nifty also opened 63 points up from previous close and rose up to 24,734, day’s high before closing at 24,698 with a gain of over 126 points.
The Foreign Institutional Investors (FIIs) had sold equities in cash segment worth Rs 2,667 crore while the Domestic Institutional Investors (DIIs) had bought to the tune of Rs 1,802 crore in the last trading session, according to data available.
All eyes are now on Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole Economic Policy Symposium later this week, which could provide critical insights into future interest rate policies.
The stocks that pushed the market were Financial services by 1.19 per cent, Utilities by 1.07 per cent, IT by 0.76 per cent and Power by 0.80 per cent.
The Mid-cap rose by 0.98 per cent and Small-cap by 0.52 per cent. In 30-scrips BSE Sensex , shares of 24 companies advanced and ended in green while of 6 companies declined.
The gainers were Bajaj Finserv by 3.25 per cent to Rs 1602.30, IndusInd Bank by 2.29 per cent to Rs 1378.50, Tech Mahindra by 2.12 per cent to Rs 1628.40 and Bajaj Finance by 1.57 per cent to Rs 6722.85.
The losers were Bharti Airtel by 1.37 per cent to Rs 1449.35, ITC by 0.46 per cent to Rs 498.85, and Adani Ports by 0.27 per cent to Rs 1492.25.
Asian Market remained strong as Strait Times was up by 0.44 per cent, Kospi by 0.83 per cent, and Taiwan Weighted by 0.09 per cent.
