Closing Bell: Market Recap: Nifty reclaims 18,250, Sensex surges by 383 points led by metal, auto and realty stocks
Last Updated: 4th April 2022 - 12:21 pm
Indian markets ended higher for the second consecutive day on Tuesday led by gains in auto, realty and metal stocks.
Domestic equity benchmarks Sensex and Nifty extended gains for the second day in a row on October 26, supported by financial and oil & gas stocks. Buying in Tata Motors, Tata Steel, Titan and Tech Mahindra stocks also aided the overall gain on the bourses today. Broader markets as well surged with the BSE midcap and smallcap gaining over 1.5% each.
At the closing bell on Tuesday, the Sensex closed higher by 383.21 points or 0.63% at 61350.26, and the Nifty ended up by 143.00 points or 0.79% at 18268.40. On the advance-decline ratio, around 2174 shares advanced, 1007 shares have declined, and 150 shares were unchanged.
Top gainers on Tuesday were Tata Motors, Tata Steel, Titan Company and Bajaj Finance. The top losers of the day were IndusInd Bank, ICICI Bank, Power Grid Corp, HUL and NTPC. SBI, HDFC and Kotak Mahindra gained with a spike in volume on Tuesday. These trending stocks also traded at a fresh 52 week on Tuesday.
On the sectoral basis, all indices ended higher with auto, realty, metal, oil & gas indices up by 1-3%.
The share price of Kotak Mahindra Bank jumped as much as 2.74% to Rs 2,219.50 after the bank reported a 23.76% quarter-on-quarter rise at Rs 2,032.01 crore in its net profit for the July-September period of the financial year 2021-22 (Q2 FY22).
On the earnings front, top-tier companies including India's leading car maker Maruti Suzuki, Larsen and Toubro (L&T) and cigarette maker ITC will come out with their report later this week.
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