Sensex, Nifty end marginally higher; ONGC rallies 6 per cent

0

Get real time updates directly on you device, subscribe now.

Loading...


Image Source : PTI

Sensex, Nifty end marginally higher; ONGC rallies 6 per cent

Equity benchmarks Sensex and Nifty ended marginally higher on Tuesday amid high volatility and tepid cues from global markets. After gyrating 667.46 points during the day, the 30-share BSE Sensex ended 7.09 points or 0.01 per cent higher at 49,751.41. After a similar movement, the broader NSE Nifty settled 32.10 points or 0.22 per cent up at 14,707.80.

ONGC was the top gainer in the Sensex pack, rallying around 6 per cent, followed by IndusInd Bank, L&T, UltraTech Cement, Titan, SBI and NTPC.

On the other hand, Kotak Bank, Maruti, Bajaj Auto, HDFC Bank and HCL Tech were among the laggards.

Domestic equities witnessed roller coaster ride amid high volatility, with metals and realty indices recording substantial gains, said Binod Modi, Head – Strategy at Reliance Securities.

“Concerns pertaining to increase in bond yields and higher commodity prices dented investors’ sentiments in last couple of days. However, underlying strength of economy and market remains intact,” he added.

Elsewhere in Asia, bourses in Shanghai and Seoul ended on a negative note, while Hong Kong settled with gains.

Stock exchanges in Europe were also trading in the red in mid-session deals.

Meanwhile, the global oil benchmark Brent crude was trading 0.81 per cent higher at USD 64.88 per barrel.

Loading...

Latest Business News



Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Business headlines.

For all the latest Business News Click Here 

For the latest news and updates, follow us on Google News. 

Also, if you like our efforts, consider sharing this story with your friends, this will encourage us to bring more exciting updates for you. 

Source

Get real time updates directly on you device, subscribe now.