Firm global cues, hopes of healthy Q1 earnings lift equity indices (Roundup)
According to market observers optimism over the quarterly earnings for the April-June period starting later in the day also strengthened investor sentiments.
Index-wise the broader Nifty50 of the National Stock Exchange (NSE) closed at 10 947.25 points -- higher by 94.35 points or 0.87 per cent -- from its previous close of 10 852.90 points.
The barometer 30-scrip Sensitive Index (Sensex) which had opened at 36 068.27 points closed at 36 239.62 points -- up by 304.90 points or 0.85 per cent -- from its previous session s close of 35 934.72 points.
The Sensex touched a high of 36 274.33 points and a low of 36 019.63 points during the intra-day trade.
In the broader markets the S&P BSE mid-cap rose by 1.01 per cent and the S&P BSE small cap ended 1.04 per cent higher from its previous close. The BSE market breadth was bullish with 1 678 advances and 971 declines.
"Investors now await the start of the earnings season and seem to have kept trade war concerns aside for the time being " said Deepak Jasani Head of Retail Research at HDFC Securities.
He further said that Asian markets were largely up and European markets also traded in the positive.
On the currency front the rupee weakened by 11 paise to end at 68.83 per dollar against the previous close of 68.72.
Sector-wise the S&P BSE auto index gained the most by 233.18 points followed by the metal index which was up 202.26 points and the banking index which rose by 170.99 points.
On the contrary the S&P BSE healthcare index was the only loser on Tuesday ending 20.39 points lower from its previous close.
The major gainers on the Sensex were Reliance Industries up 3.02 per cent at Rs 1 025.75; Yes Bank up 2.58 per cent at Rs 371.25; Coal India up 2.56 per cent at Rs 278; Bajaj Auto up 2.36 per cent at Rs 3 089.05; and Wipro up 2.26 per cent at Rs 271.10 per share.
The top losers were Sun Pharma down 1.24 per cent at Rs 562.40; IndusInd Bank down 1.05 per cent at Rs 1 934.10; Kotak Mahindra Bank down 0.96 per cent at Rs 1 372.45; Hero MotoCorp down 0.83 per cent at Rs 3 592.15; and Tata Consultancy Services down 0.56 per cent at Rs 1 877 per share.
--IANS rrb/mr
