ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900
CLOSING BELL: Sensex and Nifty indices snapped their 2-day losing run, ralling on Tuesday as supportive global cues, ease in WPI inflation, and healthy buying in heavyweights lifted sentiment.
 "ITC, RIL, ICICI Bank help lift Sensex 600 pts higher, Nifty above 17,900")
CLOSING BELL
Stock market highlights: Equity indices rallied on Tuesday as supportive global cues, ease in wholesale price index (WPI) inflation, and healthy buying in heavyweights lifted sentiment. Benchmark indices snapped their two-day losing run to end nearly 1 per cent higher today.
The S&P BSE Sensex surged 600 points to settle at 61,032, while the Nifty50 gained 159 points to end at 17,930. ITC, Reliance Industries, ICICI Bank, Bajaj Finance, Infosys, Axis Bank, Wipro, Tech M, M&M, and Bharti Airtel advanced between 1 per cent and 3 per cent, adding muscle to the upmove.
Meanwhile, in the broader markets, the BSE MidCap and SmallCap indices ended up to 0.5 per cent lower amid profit booking in Adani Power, Policybazaar, GIC RE, EKI, Allcargo Logistics, and Dynemic Products shares.
Among individual stocks, shares of Gautam Adani-led companies continued to reel under pressure, with 6 out of 10 listed shares of the group locked in the 5 per cent lower circuit on the BSE in Tuesday's intra-day trade. READ MORE
Shares of Adani Enterprises (AEL), however, jumped 10 per cent to an intra-day high of Rs 1,889, bouncing 17 per cent from the day's low on the BSE on Tuesday after the company announced its October-December quarter (Q3FY23) earnings. READ MORE
Shares of FSN E-Commerce Ventures, the parent company of fashion and lifestyle direct-to-consumer brand Nykaa, slipped 5 per cent to Rs 142 on the BSE in Tuesday's intra-day trade after the company posted a 70.75 per cent drop in consolidated profit to Rs 8.48 crore for the third quarter ended December (Q3FY23). READ MORE
Sectorally, the Nifty FMCG, Metal, and PSU Bank indices advanced 1 per cent each, while the Nifty Realty indices dropped 1.8 per cent.
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Topics : MARKET LIVE MARKET WRAP stock market trading Markets Sensex Nifty Adani Enterprises Q3 results FII flows DIIs Market Outlook BSE NSE Indian markets ONGC Buzzing stocks JSW steel Global Markets
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First Published: Feb 14 2023 | 8:01 AM IST
