Midday Market Update: Sensex, Nifty Rise As Reliance Industries Gains
Both Sensex and Nifty reclaimed key levels of 60,000 points and 18,000 points, respectively, in today's trade.
India's benchmark stock indices traded firm during afternoon session on Tuesday led by gains in Reliance Industries Ltd.
The Sensex gained 433.36 points or 0.72% to 60,548.49 on the BSE, while the Nifty 50 reclaimed 18,000 level after five months to trade at 18,065.60 on the National Stock Exchange. Among Nifty 50 constituents, 42 rose while 7 fell. One remained changed.
Bajaj Finserv Ltd., HDFC Life Insurance Co. Ltd., Bharti Airtel Ltd., Titan Co. Ltd., and Grasim Industries Ltd. were the top gainers. While Cipla Ltd., HCL Technologies Ltd., Dr Reddy Laboratories Ltd., Tata Consultancy Services Ltd., and Mahindra & Mahindra Ltd. were the top losers.
The broader indices underperformed larger peers with the midcap gauge gaining 0.46% and small cap measure jumping 0.45%.
Eighteen of the 19 sectoral indices compiled by BSE increased. BSE metal rose and BSE basic material gained over 1%.
The market breadth is skewed in the favour of bulls. About 1,967 stocks rose, while 1,401 fell and 120 remained unchanged.