Stock Market Today: Indices finish increased for fifth consecutive session, Sensex rises 21 factors

Share, Stock Market, Sensex, Nifty: The benchmark indices on BSE and National Stock Exchange (NSE) prolonged their positive factors for the fifth consecutive session and ending marginally increased on Tuesday.

The S&P BSE Sensex rose 20.86 factors (0.04 per cent) to finish at 58,136.36 whereas the NIfty 50 inched 5.40 factors (0.03 per cent) increased to settle at 17,345.45. Both the indices had opened marginally decrease earlier within the day and moved in a slender vary all through the session.

On the Sensex pack, IndusInd Bank, Asian Paints, NTPC, Maruti Suzuki India, Hindustan Unilever (HUL), State Bank of India (SBI) and Mahindra & Mahindra (M&M) have been the highest gainers of the day whereas Tech Mahindra, Housing Development Finance Corporation (HDFC), Larsen & Toubro (L&T), Tata Steel, HDFC Bank and Bharti Airtel have been the highest laggards.

Among sectors, the Nifty PSU Bank index rose 2.68 per cent whereas the Nifty FMCG climbed up 0.64 per cent and Nifty Auto inched up 0.54 per cent. On the opposite hand, Nifty Realty fell 1.69 per cent and Nifty IT slipped 0.67 per cent.

In the broader market, the S&P BSE MidCap index ended at 24,535.78, up 122.33 factors (0.50 per cent) whereas the S&P BSE SmallCap settled at 27,549.73, up 94.35 factors (0.34 per cent). On NSE, the volatility index or India VIX rose 5.97 per cent to 18.53.

“Global indicators did not favour bulls, with most Asian and western markets trading over concerns of rising geopolitical tension between the US and China. Additionally, economic data point to a decrease in demand, major markets throughout the world are trading with recessionary fears. The domestic market, however, has proven resilient thanks to increased demand in heavyweights and a strengthening Indian rupee underpinned by falling US treasury yields & FIIs buying,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

Global Markets (from AP)

Global shares have been principally decrease Tuesday as an anticipated go to by US House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing.

European shares principally declined in early buying and selling, after benchmarks completed principally decrease in Asia. France’s CAC 40 slipped 0.5 per cent in early buying and selling to six,406.15, whereas Germany’s DAX misplaced 0.7 per cent to 13,388.26. Britain’s FTSE 100 was little modified, inching up lower than 0.1 per cent to 7,416.42. The future for the S&P 500 misplaced 0.6 per cent whereas that for the Dow industrials misplaced 0.4 per cent.

In Asian buying and selling, Japan’s benchmark Nikkei 225 declined 1.4 per cent to 27,594.73. South Korea’s Kospi slipped 0.5 per cent to 2,439.62. Hong Kong’s Hang Seng dropped 2.4 per cent to 19,689.21, whereas the Shanghai Composite dove 2.3 per cent to three,186.27.