Mumbai, 28 January (IANS). Tuesday’s trading session for the Indian stock market was profitable. The markets closed rapidly after two consecutive days of decline. At the end of trading, the Sensex rose by 535 points or 0.71 percent to 75,901 and the Nifty 128 points or 0.56 percent to 22,957.
The trend of broad market was negative. 1,310 shares on Bombay Stock Exchange (BSE) in green mark, 2,663 shares in red mark and 111 shares closed without any change.
Selling was seen in midcap and smallcap compared to largecap. The Nifty Midcap 100 index fell 266 points or 0.51 percent to 51,529 and the Nifty Smallcap 100 index fell 295 points or 1.91 percent to close at 16,008.
According to market experts, selling continued in broad markets, but the frontline index led by banking and auto sector rose.
Aditya Gaggar, director of Progressive Shares, said, “Mid and smallcap stocks upset their losses during the day, however, they could not stand at a higher level.”
Auto, PSU Bank, Financial Service, Realty and Private Bank Index closed in green mark. At the same time, there was pressure on IT, Pharma, Energy and Media Index.
The Sensex Pack featured Bajaj Finance, Axis Bank, Bajaj Finserv, HDFC Bank, Tata Motors, Tata Steel, ICICI Bank, M&M, Jomato and Bharti Airtel top gainers. Sun Pharma, L&T, NTPC, Power Grid, ITC, HCL Tech, Nestle and TCS were the top losis.
On Monday, both Sensex and Nifty were closed at a lower level. The Sensex closed down 824 points or 1.1 percent to close at 75,366, while the Nifty fell 263 points or 1.1 percent to close at 22,829. This was the first time after June 6, when the markets closed close to these levels.
— IANS
ABS/
