Sensex, Nifty snap two-day fall as bank, auto shares shine
2023-04-18 09:21:50
Gains in banks, autos and metals were countered by selling in IT stocks as majors are scaling down variable pay due to margin pressure
Benchmark BSE Sensex and Nifty snapped their two-day losing streak to close nearly half a per cent higher on Tuesday following gains in banking, metal and auto stocks.
The 30-share BSE Sensex climbed 257.43 points or 0.44 per cent to settle at 59,031.30. During the day, it hit a high of 59,199.11 and a low of 58,172.48.
The broader NSE Nifty advanced 86.80 points or 0.50 per cent to 17,577.50.
From the Sensex pack, Mahindra & Mahindra, Bajaj Finserv, Titan, Tata Steel, State Bank of India, Kotak Mahindra Bank, Sun Pharma and IndusInd Bank advanced
On the other hand, Tata Consultancy Services, Infosys, HCL Technologies, Hindustan Unilever, Tech Mahindra, Wipro and HDFC Bank were the major laggards In Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended lower.
Foreign Institutional Investors offloaded shares worth ?453.77 crore on Monday, according to exchange data.
