Sensex rises 453 points to close at 46,007; Nifty settles above 13,450 – Times of India
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NEW DELHI: Equity indices finished higher on Tuesday with the benchmark BSE sensex rising over 450 points led by gains in IT and pharma stocks.
After a highly volatile session, the 30-share BSE index finished 453 points or 0.99 per cent higher at 46,007; while the broader NSE Nifty settled 138 points or 1.03 per cent higher at 13,466.
Top gainers in the sensex pack included HCL Tech, Tech Mahindra, Infosys, Power Grid, Sun Pharma and L&T with their shares rising as much as 5.32 per cent.
While Kotak Bank, HDFC, Bajaj Finance and IndusInd Bank were the major losers falling up to 1 per cent.
On the NSE platform, sub-indices Nifty IT, Pharma and Metal gained as much as 3.36 per cent.
“The news related to the new coronavirus is being absorbed by the market and that explains the panic, most people seem to be reacting to it now and we are seeing some pressure after the initial bounce,” Anand James, chief market strategist at Geojit Financial Services told news agency Reuters.
“People who have joined late are limiting the loss or locking up profits in the first bounce, with only two days to pack all the action, we are seeing volatility,” he added.
Meanwhile, foreign portfolio investors (FPIs) turned net sellers in the capital market as they sold shares worth Rs 323.55 crore on a net basis on Monday, according to provisional exchange data.
(With agency inputs)
After a highly volatile session, the 30-share BSE index finished 453 points or 0.99 per cent higher at 46,007; while the broader NSE Nifty settled 138 points or 1.03 per cent higher at 13,466.
Top gainers in the sensex pack included HCL Tech, Tech Mahindra, Infosys, Power Grid, Sun Pharma and L&T with their shares rising as much as 5.32 per cent.
While Kotak Bank, HDFC, Bajaj Finance and IndusInd Bank were the major losers falling up to 1 per cent.
On the NSE platform, sub-indices Nifty IT, Pharma and Metal gained as much as 3.36 per cent.
“The news related to the new coronavirus is being absorbed by the market and that explains the panic, most people seem to be reacting to it now and we are seeing some pressure after the initial bounce,” Anand James, chief market strategist at Geojit Financial Services told news agency Reuters.
“People who have joined late are limiting the loss or locking up profits in the first bounce, with only two days to pack all the action, we are seeing volatility,” he added.
Meanwhile, foreign portfolio investors (FPIs) turned net sellers in the capital market as they sold shares worth Rs 323.55 crore on a net basis on Monday, according to provisional exchange data.
(With agency inputs)
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