The Indian equities market closed higher on Tuesday, boosted by positive domestic and global trends, with Adani Enterprises leading the Nifty 50 gainers.
The Sensex closed up 169.62 points, or 0.22 percent, at 76,499.63, while the Nifty up 90.10 points, or 0.39 percent, to 23,176.05.
All Adani Group equities closed in the green. Adani Enterprises was the biggest Nifty 50 gainer, up 7.05 per cent. Adani Ports closed up 5.25%, Adani Green Energy 13.52%, Adani Power 20%, and Adani Energy Solutions 12.23%.
Mid- and small-cap companies led the market rise. The Nifty Midcap 100 index jumped 1,286.10 points, or 2.45%, to close at 53,676.50, while the Nifty Smallcap 100 index rose 335.70 points, or 1.98 percent, to conclude at 17,257.80.
The market capitalisation of all companies listed on the Bombay Stock Exchange (BSE) increased by Rs 6 lakh crore to around Rs 423 lakh crore.
According to market experts, a resurgence in the global market and a slowing of domestic CPI inflation offered relief to the broader indexes.
“This may provide some leeway for RBI in its next policy meet; however, rising oil prices and higher 10-year yields will be watched carefully,” they said.
On the BSE, 2,881 equities closed in the green, 1,087 in the red, and 105 closed unchanged.
The top gainers on the sectoral indexes were auto, PSU bank, financial services, pharma, metal, real estate, media, energy, private bank, and infrastructure. IT and FMCG were the major laggards.
The top gainers on the Sensex included Adani Ports, NTPC, Zomato, Tata Motors, Bajaj Finance, SBI, Bajaj Finserv, IndusInd Bank, Maruti Suzuki, Sun Pharma, M&M, and Power Grid. HCL Tech, HUL, Titan, TCS, Infosys, and UltraTech Cement were the biggest losers.
The IT sector was pulled down by fears about disappointing profit guidance for Q4. Domestic sentiment will be more influenced by the ongoing earnings season and the planned union budget, which has received mixed reactions,” the experts added.
Read More
Banks Raise Interest Rates on FDs Amid Tight Competition for Deposits