Post Session: Markets end with modest gains; NTPC, M

Posted By: Religare
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The key domestic benchmark indices ended Tuesday"s trading session with modest gains after slipping into red for a brief period as high intraday volatility was witnessed throughout the day amid firm cues from Asian peers. Also, investors remained upbeat encouraged by the good growth in core sector, which constitutes almost 38 per cent of the industrial production. The Bombay Stock Exchange bellwether Sensex closed at 26590.59, up by 31.44 points or by 0.12 per cent, while the NSE Nifty closed at 8060.7 points, trading higher by 9.9 points or by 0.12 per cent led by gains in the index heavyweights such as RIL, M&M and NTPC.

The BSE Sensex touched an intraday high of 26732.24 and an intraday low of 26514.48 while the NSE Nifty touched an intraday high of 8100.35 and an intraday low of 8031.75

The top gainers of the BSE Sensex pack were NTPC Ltd. (Rs. 135.65,+2.15 per cent), Mahindra & Mahindra Ltd. (Rs. 1232.80,+1.96 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 251.25,+1.64 per cent), Hindalco Industries Ltd. (Rs. 82.25,+1.61 per cent), Vedanta Ltd. (Rs. 98.30,+1.44 per cent), among others.

Meanwhile, Lupin Ltd. (Rs. 1873.50,-1.38 per cent), Tata Motors Ltd. (Rs. 382.05,-1.33 per cent), Larsen & Toubro Ltd. (Rs. 1372.20,-1.17 per cent), Tata Steel Ltd. (Rs. 236.05,-1.09 per cent), Bharti Airtel Ltd. (Rs. 346.85,-1.01 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2972 shares traded, 1552 shares advanced, 1279 shares declined while 141 were unchanged.

Globally, the Asian peers closed on a firm note taking cues from buoyant US markets and recent data indicating that global economic situation was improving. Also, US stocks edged higher yesterday as investors brushed off weak manufacturing data and focused instead on a spate of deals and earnings. Meanwhile, European stocks edged lower in volatile trade.

Story first published: Tuesday, November 3, 2015, 16:48 [IST]
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