Indian stock market extended the previous session’s gain amid buying across the sectors barring FMCG, IT names. Nifty 50 closing above 23,550 level, and the Sensex was up 567.99 points.
At close, the Sensex was up 567.99 points or 0.75 percent at 76,070.84, and the Nifty was up 172.35 points or 0.74 percent at 23,581.15.
Among the sectors, Nifty Auto and Nifty Metal were leading while Nifty IT and Nifty FMCG lost the most.
FMCG was down 0.7%, IT down by 1% while all other indices ended in the green. Capital goods, telecom, auto, infra, media, metal, realty, private banks were up in the range of 1-2 percent.
On Nifty, the key gainers were Eternal, Tata Steel, M&M, HDFC Life and Bharat Electronics. On the losing side were Wipro, Tata Consumer, Infosys, Cipla, ITC.
More than 340 stocks touched their 52-week low on BSE. These included Cello World, Tata Elxsi, Relaxo Footwear, Jyothy Labs, Wipro, C E Info Systems, AAVAS Financier, Newgen Software, Infosys, Cipla, Gujarat State Petro, Oracle Financial Services, Coforge, TCS, Bata India, Tata Technologies, Mastek, Sonata Software, SBI Card, among others.
In the broader indices, Nifty Midcap 100 rose 1% while the Nifty Smallcap 100 added nearly 0.65%.
In terms of some of the key performers, Lloyds Metals & Energy surged 7.8%, Nalco, SAIL, and Tata Steel gained 6.2%, 6.1%, and 4.5%, respectively.
APL Apollo Tubes, Hindustan Copper, and Jindal Stainless also closed higher by over 3%.
In the Asian market, Tokyo’s Nikkei 225 erased early gains to slip 0.1% to 53,700.39, while South Korea’s Kospi surged 1.6% to 5,640.48.
Further, Hong Kong’s Hang Seng edged up 0.1% to 25,668.54, whereas the Shanghai Composite declined 0.9% to 4,049.91.