NEW DELHI: Sensex on Tuesday climbed 165.32 or 0.22% to settle 73,667 while Nifty remained flat and closed at 22,335.70.
HDFC Bank, TCS, Infosys, Maruti Suzuki, Reliance Industries were among the top gainers in Sensex while SBI, ITC, JSW Steel, NTPC and Ultratech cement were among the top losers.
Profit booking continued in the broader small- and mid-cap stocks as they declined 2% and 1.4% respectively.
Yogesh Nagaonkar, CEO of Rowan Capital Services, stated that large-cap stocks are expected to perform well, but the small- and mid-cap space is being affected by the regulator’s worries about high valuations. Since the Securities and Exchange Board of India (SEBI) called for more disclosures on February 27, small-cap stocks have lost about 7% and mid-cap stocks have lost about 2%, while the Nifty 50 index rose by 0.6%.
IT stocks gained 0.64% ahead of key US inflation data, which could impact the Federal Reserve’s interest rate cuts.
State-owned banks dropped 2.57% due to concerns about near-term earnings. Realty stocks witnessed a sharp decline of 3.7%, marking their worst session in seven weeks.
However, despite today’s losses, realty and state-owned banks have outperformed the benchmarks in 2024, with gains of 11.5% and 23.20% respectively.
According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 4,212.76 crore on Monday. On Monday, the BSE benchmark index declined by 616.75 points or 0.83% to settle at 73,502.64, while the Nifty slumped by 160.90 points or 0.72% to close at 22,332.65.
Global benchmark Brent crude oil rose by 0.35% to reach $82.50 per barrel.
HDFC Bank, TCS, Infosys, Maruti Suzuki, Reliance Industries were among the top gainers in Sensex while SBI, ITC, JSW Steel, NTPC and Ultratech cement were among the top losers.
Profit booking continued in the broader small- and mid-cap stocks as they declined 2% and 1.4% respectively.
Yogesh Nagaonkar, CEO of Rowan Capital Services, stated that large-cap stocks are expected to perform well, but the small- and mid-cap space is being affected by the regulator’s worries about high valuations. Since the Securities and Exchange Board of India (SEBI) called for more disclosures on February 27, small-cap stocks have lost about 7% and mid-cap stocks have lost about 2%, while the Nifty 50 index rose by 0.6%.
IT stocks gained 0.64% ahead of key US inflation data, which could impact the Federal Reserve’s interest rate cuts.
State-owned banks dropped 2.57% due to concerns about near-term earnings. Realty stocks witnessed a sharp decline of 3.7%, marking their worst session in seven weeks.
However, despite today’s losses, realty and state-owned banks have outperformed the benchmarks in 2024, with gains of 11.5% and 23.20% respectively.
According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 4,212.76 crore on Monday. On Monday, the BSE benchmark index declined by 616.75 points or 0.83% to settle at 73,502.64, while the Nifty slumped by 160.90 points or 0.72% to close at 22,332.65.
Global benchmark Brent crude oil rose by 0.35% to reach $82.50 per barrel.