Finance
The benchmark equity indices on the BSE and NSE ended more than 0.6% higher on Tuesday, led by gains in automobile and fast-moving consumer goods (FMCG) stocks, despite lower wholesale and retail inflation in July.
The S&P BSE Sensex advanced 379.43 points (0.64 percent) to 59,842.21, while the Nifty 50 advanced 127.10 points (0.72 percent) to 17,825.25. Both indices had opened around 0.5% higher earlier in the day and continued to rise as the day progressed, with the BSE benchmark reaching an intraday high of 59,923.03 and the broader Nifty touching 17,839.10.
The top gainers on the Sensex included Mahindra & Mahindra (M&M), Maruti Suzuki India, Asian Paints, Hindustan Unilever (HUL), UltraTech Cement, HDFC twins – Housing Development Finance Corporation (HDFC) and HDFC Bank, Tech Mahindra, and Reliance Industries (RIL). State Bank of India (SBI), Bharti Airtel, Bajaj Finance, and Tata Consultancy Services (TCS) all finished in the red.
Nifty Auto gained 2.52 percent, Nifty FMCG gained 1.19 percent, Nifty Financial Services gained 0.75 percent, and Bank Nifty gained 0.51 percent on the NSE.
The S&P BSE MidCap index closed at 25,020.92, up 255.87 points (1.03 percent), while the S&P BSE SmallCap index closed at 28,194.37, up 288.46 points (1.03 percent) (1.03 per cent).
Source:IE
