Mumbai, 16 September (IANS). The Indian stock market closed in a green mark in Tuesday’s trading session. Most of the market indices saw an increase. At the end of the day, the Sensex was up 594.95 points or 0.73 percent to 82,380.69 and the Nifty was up 169.90 points or 0.68 percent to 25,239.10.
Midcap and smallcap stocks were seen with a boom trend with largecap. The Nifty Midcap 100 index rose by 313.45 points or 0.54 percent to 58,799.55 and the Nifty Smallcap 100 index was 171.35 points or 0.95 percent to 18,298.35.
Auto stocks led the market boom. The Nifty Auto Index closed with a gain of 1.44 percent. Nifty Realty (1.07 percent), Nifty IT (0.86 percent), Nifty Energy (0.89 percent) and Nifty Infra (1.02 percent) closed up.
The Sensex packs were Kotak Mahindra Bank, L&T, M&M, Maruti Suzuki, Bharti Airtel, Tata Steel, Axis Bank, UltraTech Cement, Eunon (Zomato), HCL Tech, NTPC, BEL, TCS, Adani Ports and SBI Top Gaeners. Bajaj Finance and Asian Paints were luzers.
Market experts stated that the US Fed hopes for a cut of 25 basis points in interest rates with positive global signals helped the market recovery. At the same time, the commencement of trade negotiations between Indo-US has had a positive impact on investors’ holdings. Auto and Consumer sector led the recovery due to GST reforms.
Experts further said that the focus of investors will be on India-US trade talks and data related to domestic economy.
The Indian stock market started in the green mark. At 9:24 am, the Sensex rose 195 points or 0.24 percent to 81,981 and the Nifty was 48 points or 0.19 percent to 25,116.
-IANS
ABS/