Stock market rose on the second day of the week, Sensex closed with a gain of 208 points; purchases made in auto sector

Share Market Highlights: The Indian stock market closed with a rise in Tuesday’s trading session due to buying in auto and metal stocks. At the end of the day, Sensex was at 84,273.92, up 208.17 points or 0.25 per cent, and Nifty was at 25,935.15, up 67.85 points or 0.26 per cent. Among the indices, Nifty Auto (1.37 per cent), Nifty Metal (0.81 per cent), Nifty Consumption (0.61 per cent), Nifty India Defense (0.56 per cent), Nifty PSE (0.55 per cent) and Nifty Commodities (0.45 per cent) were the top gainers.

On the other hand, Nifty Pharma (0.36 percent), Nifty Healthcare (0.27 percent) and Nifty PSU Bank (0.19 percent) closed with weakness. Along with largecaps, midcaps and smallcaps also saw a rise. The Nifty Midcap 100 index was up 294.75 points or 0.49 per cent at 60,735.90 and the Nifty Smallcap 100 index was up 65.30 points or 0.38 per cent at 17,451.20.

Today’s Top Gainers and Losers

Eternal, Tata Steel, M&M, Power Grid, Tech Mahindra, NTPC, L&T, TCS, Maruti Suzuki, Axis Bank, HUL, ICICI Bank, Trent, Titan, Sun Pharma and Bajaj Finserv were the gainers in the Sensex pack. HCL Tech, Bajaj Finance, Bharti Airtel, Asian Paints, HDFC Bank, UltraTech Cement, ITC, SBI, Indigo and BEL were the losers.

Sudeep Shah, head of technical and derivatives research at SBI Securities, said Nifty traded in a narrow range of 119 points in Tuesday’s session. This shows that the market is less likely to move in any one direction in the short term. He further said that the resistance level for Nifty ranges from 26,050 to 26,100 and if Nifty crosses 26,100 then it can go up to 26,250. At the same time, its support zone ranges from 25,800 to 25,770.

The market started with a boom

The Indian stock market started on a positive note amid mixed signals from the global market and the Sensex opened at 84,210, up 144.25 points from its previous close (84,065.75), while the Nifty opened at 25,922.65, up 55.35 points from its previous close (25,867.30).

Also read: Now the stock market will no longer depend on foreign forces! Share of domestic investors crossed 20%

How was the behavior of foreign investors?

domestic stock market If we talk about foreign institutional investors (FIIs), they made purchases for the second consecutive day. There was a net purchase of Rs 3460 crore including cash, index and stock futures. At the same time, domestic institutional investors made minor purchases of about Rs 4 crore after one day of selling.