Titan was among the many high Nifty gainers, the inventory rose 2.5% to 1,816 forward of its June quarter earnings.
The Indian fairness benchmarks edged increased on Tuesday led by positive factors in HDFC, Asian Paints, Infosys, Tata Consultancy Services and HDFC Bank defying detrimental cues from different Asian markets. The Sensex rose as a lot as 247 factors to hit an intraday excessive of 53,197.88 and Nifty 50 index briefly moved above its vital psychological degree of 15,950. Asian shares slipped on Tuesday, because the Delta coronavirus variant unfold in key markets within the area and put Chinese authorities on excessive alert, rattling investor confidence.
The market sentiment turned bullish after authorities information confirmed that Goods and Services Tax (GST) collections for July 2021 got here in at Rs 1.16 lakh crore, 33 per cent greater than the corresponding interval of final yr.
As of 9:21 am, the Sensex was up 234 factors at 53,185 and Nifty 50 index climbed 47 factors to fifteen,932.
Foreign institutional buyers bought shares price Rs 1,539.88 crore on Monday whereas home institutional buyers purchased shares price Rs 1,505.82 crore.
Meanwhile, shopping for was seen throughout the board as all of the 11 sector gauges, barring the index of media shares, have been buying and selling increased led by the Nifty Realty index’s practically 1 per cent acquire. Auto, Financial Services, FMCG, IT and Pharma indexes additionally rose round 0.5 per cent every.
Broader markets have been buying and selling largely in-line with their bigger friends as Nifty Midcap 100 and Nifty Smallcap 100 indices rose round 0.3 per cent every.
Titan was among the many high Nifty gainers, the inventory rose 2.5 per cent to 1,816 forward of its June quarter earnings due later within the day. Tata Motors superior 1.3 per cent to Rs 310 after it elevated costs of its passenger automobiles with impact from right this moment.
Sun Pharma, Asian Paints, HDFC, Adani Ports, Britannia Industries, Tech Mahindra, Tata Consultancy Services, Maruti Suzuki and Divi’s Labs additionally rose between 0.7-2.5 per cent.
On the flipside, Grasim Industries, JSW Steel, HCL Technologies, ONGC, Bajaj Auto, Tata Steel, UPL, ICICI Bank, Coal India, Hindalco and Eicher Motors have been among the many losers.
The general market breadth was optimistic as 1,758 shares have been advancing whereas 883 have been declining on the BSE.
