MARKET CLOSING UPDATES: The major benchmark indices continued to rise on Tuesday as positive sentiment was boosted by good corporate earnings and new buying by foreign Institutional investors (FII).
The BSE Sensex surged to a high of 61,290 before closing the day at 61,121, up 375 points. The BSE benchmark index soared 1,578 points in the process during the course of the previous four trading days.
On Tuesday, the NSE Nifty ended 133 points higher at 18,145. Future major events to keep an eye on include FIIs flows, the current earnings season, and the conclusion of the US Federal Reserve meeting on Wednesday.
Power companies NTPC and PowerGrid were the highest gainers among the Sensex 30 stocks, up 5.3 percent and 3 percent, respectively.Also, Dr. Reddy's, Infosys, and TCS all gained by more than 2 percent. Sun Pharma was also up 2 percent on the pharmaceutical giant's announcement of double-digit top line growth.
On the other hand, Axis Bank lost close to 4 percent in a block sale on the BSE in which 1.2 percent of the company's shares was traded.
The BSE Midcap index increased by 1 percent in the overall market, while the Smallcap index increased by 0.3 percent. The overall breadth was also favourable, with 1,838 equities on the BSE rising against 1,610 shares falling.
Sectorally, the BSE Power index gained by more than 2 percent. The Metal index also increased by 1 percent. The IT and Healthcare sectors both had gains of about 1.7 percent each.
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