Markets settle with gains after two days of fall
The Hindu
During the day, the 30-share BSE Sensex jumped 291.3 points or 0.46% to 62,719.84.
Benchmark stock indices Sensex and Nifty closed higher on June 2 after two days of fall, helped by buying in metal, telecom and auto stocks amid a firm trend in global markets.
Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles and GST collections crossing ₹1.50 lakh crore for the third straight month in May added to the optimism.
The 30-share BSE Sensex climbed 118.57 points or 0.19% to settle at 62,547.11. During the day, it jumped 291.3 points or 0.46% to 62,719.84.
The NSE Nifty advanced 46.35 points or 0.25% to finish at 18,534.10.
Tata Steel was the biggest gainer in the Sensex pack, rising nearly 2%, followed by Maruti, Mahindra & Mahindra, Sun Pharma, Larsen & Toubro, Titan, Bharti Airtel, Power Grid, ITC, State Bank of India and Nestle.
In contrast, Infosys, Wipro, HCL Technologies, Tata Consultancy Services, IndusInd Bank, Tech Mahindra, Reliance Industries and Bajaj Finance were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the green.
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