Mumbai. Domestic stock markets regained momentum on Tuesday and BSE Sensex rose 639.82 points (0.82 per cent) to close at 78,205.98. The Nifty-50 index of the National Stock Exchange also rose by 233.55 points or 0.97 percent to reach 24,261.60 points. After February 26, both the major indices had fallen by 5.7 percent in six trading days. During this period, the market was bullish only for one day.
After US President Donald Trump’s statement regarding the early end of the Iran war, a rise was seen in all the stock markets globally. Its effect was also visible on the domestic stock markets. There was more buying in medium and small companies. Nifty Midcap-50 index gained 1.60 percent and Smallcap-100 index gained 2.12 percent. Except IT and oil and gas, all other sectors remained bullish.
Buying was high in auto, finance, consumer durables, banking, reality, pharma, metals, media and chemicals groups. Shares of Mahindra & Mahindra and Indigo strengthened by around three and a half percent. Shares of Maruti Suzuki, ICICI Bank, Asian Paints, UltraTech Cement, Tata Steel and Axis Bank rose between two to three per cent.
Shares of Kotak Mahindra Bank, Titan, Bajaj Finserv, BEL, State Bank of India, HDFC Bank and Power Grid gained more than one percent. Shares of ITC, L&T, Trent and Sun Pharma also remained in the green. Shares of Eternal and Infosys fell by about one and a half percent. Shares of Reliance Industries also fell by more than one percent. Bharti Airtel and TCS also declined.
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