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.
Globally, gold fell 0.11 per cent to USD 1,204.80 an ounce and silver by 0.07 per cent to USD 14.23 an ounce in Singapore.
Inflationary risks on the back of higher crude oil prices and a weak rupee coupled with a rise in global protectionist measures dragged the key Indian equity indices deep into the red on Tuesday.
Shedding the gains made earlier in the day, the Indian equity indices plunged nearly 1 per cent on Monday, with the S&P BSE Sensex losing 332.55 points, tracking similar global cues and a slowdown in the manufacturing sector.
Gold prices today rose by Rs 250 to Rs 30,900 per 10 grams at the bullion market on brisk buying by local jewellers and firm trend overseas.
The key Indian equity indices – S&P BSE Sensex and the NSE Nifty50 – traded on a flat-to-positive note during the mid-afternoon session on Tuesday.
