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Indian equity indices ended on a positive note with Nifty above 23,500 amid volatility on November 19
Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher on Tuesday, amid mixed global cues.
At close, the Sensex was up 239.37 points or 0.31 per cent at 77,578.38, and the Nifty was up 64.70 points or 0.28 percent at 23,518.50.
At the day’s high, the BSE Sensex was trading 1,019 points, or 1.32 per cent, higher at 78,358. The Nifty50 was up 300 points, or 1.28 per cent, trading at 23,754.
M&M, Trent, Tech Mahindra, HDFC Bank and Eicher Motors are among the top gainers on the Nifty, while losers are SBI Life Insurance, HDFC Life, Reliance Industries, Tata Consumer and Hindalco.
Among sectors, media, auto, realty, IT, pharma up 0.5-2.5 per cent, while metal, oil & gas and PSU Bank down 0.5 per cent each.
BSE Midcap and Smallcap indices up nearly 1 per cent each.
After Monday’s market crash, the Nifty and Sensex were down 11 per cent and 12 per cent from their record highs. Foreign investors offloaded nearly Rs 1,400 crore in the cash markets in yesterday’s trade.
Global Cues
Markets in the Asia-Pacific region were higher on Tuesday, tracking Wall Street gains, even as investors parsed discussions from Chinese financial policymakers’ at an investment summit in Hong Kong.
Mainland China’s CSI300 was 0.4 per cent higher, while the Shanghai Composite was trading ahead by 0.2 per cent, and Hong Kong’s Hang Seng index was trading higher by 0.61 per cent.
Australia’s S&P/ASX 200 was ahead by 1.02 per cent, and Japan’s Nikkei 225 was up 0.37 per cent, while the Topix rose 0.65 per cent. South Korea’s Kospi and Kosdaq traded around the flatline.
The benchmark S&P 500 and Nasdaq Composite finished higher, with energy, communication services, and consumer discretionary stocks driving gains. The Dow Jones Industrial Average was dragged down by materials stocks.
The Dow fell 0.13 per cent to 43,389.60, the S&P 500 rose 0.39 per cent to 5,892.62 and the Nasdaq rose 0.60 per cent to 18,791.81.
European stocks finished lower, weighed down by real estate and utilities stocks. The STOXX 600 index closed down 0.06 per cent. MSCI’s gauge of stocks across the globe rose 2.99 points, or 0.35 per cent, to 845.60.
Brent crude futures for January delivery slipped 7 cents, or 0.1 per cent, to $73.37 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures for December delivery were at $69.23 a barrel, down 7 cents, or 0.1 per cent. The more active WTI January contract fell 4 cents, or 0.1 per cent, to $69.21.