Sensex recovers 421 points from the day’s low, ends flat; Nifty sits at 13,568

After remaining in negative territory for most of the session, the domestic capital market managed to settle on Tuesday with a positive trend on Tuesday, amid buying in selected meters of financial and information technology (IT).

S&P BSE Sensex closed at 46,263, up 10 points or 0.02%, while NSE’s Nifty was down 13,568, up 10 points or 0.07%. During the session, Sensex reached a high level and a low level of 46,350.30 and 45,841.67, respectively.

HDFC, HDFC Bank, Bajaj Finance, Bajaj Finserv and HCL Tech made a major contribution to today’s Sensex recovery. Bajaj Finance (up 4.7 percent) was the biggest winner on Sensex, while HUL (down over 2 percent) emerged as the biggest loser.

Moreover, Bajaj Finance entered the elite club of companies with a market capitalization (market capitalization) of 3 trillion lei after the company’s share price reached a new maximum. The stock ended at Rs 5,128 at BVB.

The volatility index, India VIX, ended at 19.3 levels, down 0.29 percent.

On the broader market, the S&P BSE MidCap index outperformed the front indices as it gained 0.42% to 17,733.87, while the SmallCap index ended at 17,696 points.

Among the sector indices, Nifty Media gained the most – by 1.79 percent, followed by the Nifty Metal and Nifty Financial Services indices (both up 0.77%).

Asian stocks retreated on Tuesday, while worries about rising deaths and blockages in Covid-19 overshadowed optimism about the launch of coronavirus vaccinations just days after hikes hit record highs.

In Europe, stocks traded at a fixed level as rising Covid cases forced tighter borders across the continent, hampering optimism about vaccine launches and hopes for a possible Brexit trade deal.

(With Reuters entries)

Source