Sensex ends 563pts up at 60,656, Nifty above 18,050; L&T, HUL rise up to 3%
CLOSING BELL: Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent
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CLOSING BELL
Despite a tepid global mood, domestic markets edged higher in Tuesday's trade after wholesale inflation dropped to a 2-year low of 4.9 per cent in December and oil refiners rose in trade after the government slashed windfall tax on crude and aviation fuel.
Key indices Nifty50 closed at 18,053 levels, up 158 points or 0.8 per cent, whereas the S&P BSE Sensex closed at 60,656 levels, up 563 points or 0.9 per cent.
Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 per cent. India VIX, the volatility gauge, meanwhile, eased below 2 per cent.
Sectorally, Nifty FMCG, Nifty Realty, and Nifty IT logged the most gains, up to 1 per cent. However, Nifty PSU Bank, and Nifty Media indices lost the most, up to 1 per cent.
Among individual stocks, shares of Larsen & Toubro (L&T) soared 4 per cent to hit a new high of Rs 2,214, on expectation of strong order inflows and improved execution. READ MORE
Besides, shares of Speciality Restaurants rallied 11 per cent to hit a new high of Rs 278.50 ahead of its extra-ordinary general meeting (EGM) on Wednesday, January 18, 2023. READ MORE
GLOBAL CHECK
The US equity futures slumped in Tuesday's trade ahead of corporate earnings. Dow Futures, the S&P 500 Futures, and NASDAQ Futures skid up to 0.3 per cent.
European markets, too, were muted this noon, as Stoxx 600, FTSE 100, and CAC 40 indices dropped up to 0.1 per cent.
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Topics : MARKET LIVE Markets Q3 results Markets Sensex Nifty S&P BSE Sensex Nifty50 Nifty50 earning Indian stock markets SGX Nifty stock market trading stock market investing Investment strategies Market news Wall Street Global Markets Reliance Industries Adani Power M&M Angel one
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First Published: Jan 17 2023 | 8:06 AM IST
