Positive global indices, coupled with rupee appreciation and hopes of budgetary incentives, lifted the Indian equities markets yesterday.
Besides, short-covering ahead of Futures and Options (F&O) expiry for the month of January series and inflow of foreign funds buoyed investors’ sentiments.
Healthy buying was witnessed in the automobile, metal and banking stocks which boosted the key indices to close with gains.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 84.30 points or 1%, to 8,475.80 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,170.88 points, closed at 27,375.58 points – up 258.24 points or 0.95% from the previous close at 27,117.34 points.
The Sensex touched a high of 27,393.35 points and a low of 27,140.85 points during the intra-day trade. The BSE market breadth was tilted in favour of the bulls – with 1,593 advances and 1,150 declines.
In terms of the broader markets, the BSE mid-cap index rose by 0.96%, while the BSE small-cap index was up 0.85%.
On Monday, the NSE Nifty rose by 42.15 points or 0.50%, to 8,391.50 points, while the BSE Sensex was up 82.84 points or 0.31%.
Anand James, chief market strategist, Geojit BNP Paribas Financial Services, said: “With only a day left before January derivatives expire, rollovers picked up, having been subdued until Monday.”
“Meanwhile, earnings positivity continued to edge stocks ahead, and investors were seen adding on to positions, with only a few days before the much anticipated budget is presented,” James added.
The Indian rupee strengthened by five paise to 68.15 against a US dollar from its previous close of 68.20 to a greenback.


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