TIWN
Mumbai, July 13 (TIWN) Healthy macros, as well as positive global cues, pushed India's stock market higher on Tuesday with the S&P BSE Sensex gaining nearly 400 points.
The rise has been attributed to positive Asian markets along with healthy economic indicators which showed a rise in industrial production and slight easing of retail inflation. Sector wise, banks, metals and oil & gas gained the most while IT and FMCG lost the most. The Sensex closed at 52,769.73, higher by 397.04 points, or 0.76 per cent, from its previous close of 52,372.69. It had opened at 52,694.89 and touched an intra-day high of 52,806.86 and a low of 52,545.68 points. The Nifty50 on the National Stock Exchange closed at 15,812.35, higher by 119.75 points, or 0.76 per cent, from its previous close. "India's equity benchmark indices broke a three session losing streak following positive Asian cues. Nifty overcame the bearish signs of the candle formed on Monday and rose smartly. Positive advance decline ratio also gives bullish signals," HDFC Securities' Head of Retail Research Deepak Jasani said. "With earnings season underway, investors will turn their attention to Infosys's results that are expected to be posted on Wednesday and also watch the US CPI number due tonight."
- With April series having expired, expect markets to turn volatile
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report