Mumbai. Domestic stock markets witnessed a lot of volatility on Tuesday and major indices finally closed in the green, recovering from the initial fall. Investment sentiment in the market got supported after the announcement of Free Trade Agreement (FTA) with the European Union.
Talks on FTA between the two sides have been concluded. In this, it has been said that 99 percent of Indian goods will be given entry into the European Union countries on priority basis. BSE’s 30-share sensitive index Sensex rose 319.78 points (0.39 percent) to close at 81,857.48.
It saw a fluctuation of about 996 points in mid-trade. It went down to 81,088.59 points and up to 82,084.92 points. The Nifty-50 index of the National Stock Exchange reached 25,175.40 points with a gain of 126.75 points or 0.51 percent.
The stock market also got support from the rise in rupee against the US dollar. The rupee is currently up by 27 paise at Rs 91.63 per dollar. There was growth in medium and small companies also. Nifty Midcap-50 index closed up 0.71 percent and Smallcap-100 index closed up 0.82 percent.
More buying was seen in companies from metal, banking, IT and financial sectors. Indices of auto, FMCG, media and consumer durables groups remained in the red. Among Sensex companies, the share of Adani Ports rose by about four and a half percent. Axis Bank shares also rose by more than four percent. There was a rise of two to three percent in Tata Steel, Tech Mahindra, NTPC and State Bank of India.
Shares of UltraTech Cement, BEL, Indigo, ICICI Bank, L&T and HDFC Bank also rose more than one percent. Shares of Trent, Infosys and HCL Technologies also remained in the green. Mahindra & Mahindra declined by more than four percent.
Kotak Mahindra Bank shares fell by more than three percent. Asian Paints declined by about three percent due to weak quarterly results. Shares of Eternal, Maruti Suzuki, ITC, Bajaj Finance and Bajaj Finserv fell between one and two per cent. Titan and Hindustan Unilever also declined.
Read this also:
Stock market closed: The decline in stock markets is not stopping, Sensex fell by 770 points.
-
Infosys’ recruitment drive offering record packages ends tomorrow
-
Insurtech startup Turtlemint files draft papers for Rs 2,000 crore IPO; listing likely by April
-
Meghalaya to host first spice festival in Mumbai to promote high-quality spices
-
Laura Dern honors final promise to Diane Ladd by opening up about her terminal lung disease
-
Camila Morrone's Something Very Bad Is Going To Happen release date, schedule and how to watch: Cast, storyline
