Indian equity benchmarks Sensex and Nifty ended marginally
higher in a volatile session on Tuesday as gains in FMCG, power, and energy
stocks helped the indices extend gains for a fifth straight day.

The Sensex closed 20.86 points or 0.04% higher at 58,136.36
with 16 of its constituents ending in the red. During the day, it touched a
high of 58,328.41 and a low of 57,744.70. The broader NSE Nifty settled at 5.40
points or 0.03% higher at 17,345.45.

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The broader indices ended in green with the BSE Midcap
index up by 0.50%, while the Small cap index was up by 0.34%. The top gaining
sectoral indices on the BSE were Power up by 2.00%, Utilities up by 1.81%, PSU
up by 1.03%, Consumer Disc up by 0.81%, and FMCG up by 0.65%, while Realty down
by 1.74%, TECK down by 0.54%, IT down by 0.52%, Capital Goods down by 0.39% and
Metal down by 0.37% were the top losing indices on BSE.

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Top gainers from the Sensex pack were IndusInd Bank up by
2.59%, Asian Paints up by 2.18%, NTPC up by 1.85%, Maruti Suzuki up by 1.81%,
Kotak Mahindra up by 1.61%, Hindustan Unilever up by 1.60%, Power Grid Corp up
by 1.57% and SBI up by 1.55%.

Among the laggards were Tech Mahindra down by 1.63%, HDFC
down by 1.30%, Larsen & Toubro down by 1.20%, Tata Steel down by 1.20%, and
HDFC Bank down by 1.30%.

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The rupee jumped 41 paise to close at 78.65 against the US
dollar, on the back of persistent foreign fund inflows into capital markets and
softening crude oil prices.

“Global indicators did not favour bulls, with most
Asian and Western markets trading lower over concerns of rising geopolitical
tension between the US and China. Additionally, economic data point to a
decrease in demand, major markets throughout the world are trading with
recessionary fears,” said Vinod Nair, Head of Research at Geojit Financial
Services.

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The domestic market, however, has proven resilient thanks
to increased demand in heavyweights and a strengthening Indian rupee
underpinned by falling US treasury yields and FII buying, Nair added.

In Asian markets, Seoul, Shanghai, Tokyo, and Hong Kong
ended lower.

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European exchanges were also trading during the afternoon
session. The US stock markets ended in the red on Monday.

Brent crude, the international oil benchmark, declined
0.72% to $99.31 per barrel.

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According to stock exchange data, foreign institutional investors
remained net buyers in the capital markets as they bought shares worth Rs
2,320.61 crore on Monday.