Sensex Ends 204 pts Higher, Nifty Near 19,900; Adani Group Stocks Gain
Sensex Ends 204 pts Higher, Nifty Near 19,900; Adani Group Stocks Gain
Equity markets resumed trade on a muted note on Tuesday

Sensex Today: Strength returned to Dalal Street in the fag-end of the session as helped markets end higher on Tuesday. The S&P BSE Sensex, after oscillating on either sides of the flat line, jumped 204 points, or 0.31 per cent, to end at 66,174 levels.

The Nifty50, on the other hand, settled 95 points, or 0.48 per cent, higher at 19,890 led by Adani Enterprises (up 9 per cent), Adani Ports (5.5 per cent), BPCL, Tata Motors, Coal India, ONGC, Bajaj twins, Hero MotoCorp, Ultratech Cement, Hindalco, Britannia, and Axis Bank.

The Sensex hit an intraday high of 66,256, while the Nifty hit a high of 19,917 during the day.

In the broader markets, the BSE MidCap index gained 0.28 per cent, while the BSE SmallCap eked out gains of 0.02 per cent.

Among sectors, Adani Enterprises lifted the Nifty Metal index 1.8 per cent, followed by the Nifty PSU Bank index (up 1.35 per cent), and the Nifty Auto index (up 0.9 per cent). On the downside, the Nifty Pharma index slipped 0.34 per cent.

Global Cues

Overnight, the US market ended modestly in red as the bulls took a breather post strong rally in the preceding week. This week the focus will be on Fed chair speech and inflation data.

Near home, Nikkei and Straits Times were down up to 0.3 per cent; whereas, Kospi and Taiwan added 0.4 per cent each.

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