Sensex, Nifty extend gains for second day on global cues
The overall market capitalisation of BSE-listed firms rose to over Rs 470 lakh crore from Rs 466.6 lakh crore in the previous session.
The overall market capitalisation of BSE-listed firms rose to over Rs 470 lakh crore from Rs 466.6 lakh crore in the previous session.
At the close, the Sensex was up 90.83 points or 0.11% at 83,697.29, while the Nifty rose 24.75 points or 0.10% to end at 25,541.80.
Foreign investors have infused Rs 17,425 crore in equity markets last week, data from the depositories said.
Over the past eightsessions, Nifty has retraced only 61 per cent of preceding seven sessions, highlighting a robust price structure.
Key indices of the domestic equities market opened flat on Tuesday morning, tracking mixed global cues. Auto and IT stocks were up in the morning trade. Heavyweight Reliance was up 0.26 per cent as well.
Trading sentiment in the equity markets this week will be largely dictated by industrial production and inflation data, the ongoing quarterly results as well as global cues.
Tracking gold, silver ready rallied Rs 450 to Rs 37,900 per cent and weekly-based delivery by Rs 452 to Rs 36,671 per kg.
Silver coins, however, spurted by Rs 1,00 to Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
Gold prices tumbled Rs 394 to Rs 31,249 per 10 grams in futures trade Tuesday as participants indulged in off-loading their exposure in line with a weak trend overseas amid profit-booking at prevailing levels.
Sector-wise, heavy selling pressure was witnessed in banking, consumer durables and auto counters.
