The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 gained 168.50 points or 0.81% to settle at 20,855.10, while the BSE Sensex jumped 431.02 points or 0.63% to 69,296.14. Bank Nifty index rallied 580.85 points or 1.25% to settle at 47,012.25.
The broader indices ended in positive territory, with gains led by Largecap and Midcap stocks. Banking and Consumer Durables stocks outperformed among the other sectoral indices while Media, Realty, and IT stocks shed.
Adani Enterprises, Adani Ports & SEZ, Power Grid, NTPC, and State Bank of India were the top gainers on the NSE Nifty 50, while the laggards include LTI Mindtree, Hindustan Unilever, Divis Lab, HCL Technologies, and Bajaj Auto.
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The Indian Volatility Index (India VIX) closed up by 3.57 %.
“The domestic market extended the gains and hit fresh highs despite cautiousness among global peers ahead of key US job data this week. The aura of the state election results and other positive factors like above-expected earnings and GDP growth data are supporting the return of FII flows to the Indian market,” said Vinod Nair, Head of Research at Geojit Financial Services
Nair also said that the RBI’s monetary policy meeting is expected to be status quo however, the commentary on economy growth, food grain prices and inflation trajectory will be closely watched.
