On Tuesday, the domestic bourses ended on a robust note as the IT, Metal, Oil&Gas and Banking space witnessed significant buying interest. The major Asian indices were seen swinging between gains and losses amidst rising concerns over issues that US will not be able to raise its debt limits. Back in the domestic front, after witnessing a flattish opening, the benchmark indices were seen trading on volatile note across the baseline. A sideways trade was seen during the first half of the session with Auto major Tata Motors maintaining pressure on the market. The stock finally closed with 3.16% losses on the BSE. However, a sudden upsurge was seen post mid-session with the strength coming in from the Banking space. The upbeat sentiment in the sector was fuelled by 33% growth in private banking major HDFC Bank's bottomline. The benchmark Nifty surged above the 5,600 mark with the IT, Metal and Banking space giving good support. Finally, the benchmark indices closed with nearly 1% gains each, near their respective session highs.
The BSE Sensex closed at 18,653.87 up by 146.83 points or by 0.79% and NSE Nifty closed at 5,613.55, higher by 46.50 points or by 0.84%. The BSE Midcap was at 7,050.79 higher by 28.54 points or by 0.41%, whereas the BSE SmallCap closed at 8,462.92, increasing by 68.97 points or by 0.82%. The BSE Sensex touched intraday high of 18,690.42 and intraday low of 18,481.83.
On Tuesday, the U.S. markets closed on a bullish note amidst optimism over raising debt ceiling by the government to avoid debt default. Better than estimated earnings posted by Dow Jones component Johnson & Johnson, Coca-Cola and IBM had further lifted the market sentiment. In the economic front, the Housing starts data for June reported at an annualized rate of 629,000 units, which exceeded economists' expectation of 570,000 units. Although the session's rally was broadbased, the Tech sector was the major gainer during the session, gaining by 2.7% during today's trade. It also helped the tech heavy index Nasdaq to close with more than 2% gains. Consumer Discretionary (2%) and Energy (1.7%) space were the other gaining sectors.
In the major indices, the Dow Jones Industrial Average (DJIA) closed with a gain of 202.26 or 1.63% at 12,587.42 while NASDAQ index finished up by 61.41 points or 2.22% to 2,826.52. The S&P 500 (SPX) closed higher by 21.29 points or 1.63% to 1,326.73.
The FIIs on Tuesday stood as net seller in equity, whereas net buyer in debt. Gross equity purchased stood at Rs. 1969.50 crore and gross debt purchased stood at Rs. 1132.40 crore, while the gross equity sold stood at Rs. 2022.20 crore and gross debt sold stood at Rs. 821.50 crore. Therefore, the net investment of equity and debt reported were Rs. (52.70) crore and Rs. 310.90 crore, respectively.
Top traded volumes on NSE Nifty – DLF 8105681, HDFC Bank 4263166, Tata Motors 3122797 and Reliance Communications 2684056.
On BSE, total number of shares traded was 34.11 crore and total turnover stood at Rs. 2,863.12 crore. On NSE, total number of shares traded was 52.15 crore and total turnover stood at Rs. 9900.08 crore.
In the NSE Futures and Options segment, total number of contracts traded in index futures was 439703 with a total turnover of Rs. 11574.14 crore. Along with this total number of contracts traded in stock futures were 485576 with a total turnover of Rs. 13859.14 crore. Total numbers of contracts for index options were 3167673 with a total turnover of Rs. 89258.36 crore and total number of contracts for stock options was 125495 with a total turnover of Rs. 3632.85 crore.
Today, Nifty will face a resistance near 5,670 level and will have a support near the 5,600 mark.