Closing Bell: Sensex gains 16 points, Nifty closes at 15,850
- Sensex ended 16.17 points or 0.03% at 53,177.45
- Nifty added 18.15 points or 0.11% to 15,850.20
- Rupee plunged by 46 paise to close at 78.83 against the US dollar
Indian equity benchmarks Sensex and Nifty recovered from early lows to settle marginally up on Tuesday following fag-end buying in energy, IT and auto stocks and a recovery in global equities.
Positing gains for a fourth straight session, the BSE Sensex ended 16.17 points or 0.03% at 53,177.45. During the day, it had plunged 389.75 or 0.73% to 52,771.53. The NSE Nifty added 18.15 points or 0.11% to 15,850.20.
The broader indices ended in green with the BSE Mid cap index up by 0.18% and the Small cap index up by 0.24%. On the sectoral front, Oil & Gas was up by 2.54%, Energy was up by 2.45%, Metal was up by 1.97%, Auto was up by 1.26% and PSU was up by 0.85%, while Consumer Durables was down by 1.49%, Telecom down by 1.05%, Bankex down by 0.46%, Consumer Disc down by 0.05% and Power down by 0.02% were the top losing indices on BSE.
Major gainers from the Sensex pack were M&M up by 2.78%, Reliance up by 1.49%, Dr Reddy’s Labs up by 1.41%, Tech Mahindra up by 1.40%, Tata Steel up by 1.34%, HCL Tech up by 1.08%, Larsen up by 1.05%, Axis Bank up by 0.83%, ITC up by 0.74% and Nestle up by 0.71%.
Among the laggards were Titan Company down by 3.54%, Asian Paints down by 3.25%, Bajaj Finserv down by 1.94%, Kotak Mahindra down by 1.32%, ICICI Bank down by 1.02%, Bajaj Finance down by 1.00%, HDFC Bank down by 0.77% and IndusInd Bank down by 0.69%.
The rupee plunged by 46 paise to close at record low of 78.83 against the US dollar.
European market were trading in the green in mid-session deals.
The US markets has ended lower in the overnight session.
Brent crude, international oil benchmark jumped 1.58% to USD 116.0 per barrel.
According to the stock exchange data, foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 1,278.42 crore on Monday.