Indian equity benchmarks ended in gains on Tuesday marking the fourth straight session in green. Key indices made a positive beginning and surged further following the Finance Ministry’s data about GST collections of Rs 1.52 lakh crore in the month of October, the second-highest monthly collection after April 2022 only. Market sentiments were also supported by the appreciating rupee by 10 paise to close at 82.71 per dollar.
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Extending its rally to the day high of 61,289.73, the Sensex closed 374.76 or 0.62% higher to 61,121.35 points. The Nifty rose 133.20 or 0.74% higher to 18,145.40.
The broader indices ended green; the BSE Mid cap index gained 1.04%, while the Small-cap index was up by 0.26%. The top gaining sectoral indices on the BSE were Power up by 2.18%, Utilities 2.11%, IT 1.77%, TECK 1.67%, and Healthcare 1.61%, while Bankex down 0.11% was the only losing sectoral indices on BSE.
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Top gainers from the Sensex were NTPC up by 5.00%, Powergrid 3.07%, Dr Reddy Labs 2.39%, Infosys 2.27%, TCS 2.08%, Ultratech Cement 1.84%, HCL Tech. 1.74%, Sun Pharma 1.69%, Asian Paints 1.62% and Wipro 1.57%.
The laggards were Axis Bank down by 3.76%, Maruti Suzuki 0.94%, Reliance Industries 0.78%, and Tata Steel 0.34%.
The rupee rose 10 paise to close at 82.71 against the US dollar on Tuesday.
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Asian markets settled higher with the KOSPI Composite up by 1.81%, the Nikkei 225 up by 0.33%, Shanghai Composite up by 2.62%, and the Hang Seng up by 5.23%.
European stock exchanges were trading higher in mid-session deals. The US equity markets ended lower on Monday.
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Brent crude futures, the international oil benchmark surged 1.45% to $94.16 per barrel.
According to stock exchange data, foreign institutional investors purchased shares worth a net of Rs 4,178.61 crore on Monday.