Sensex, Nifty rebound on fag-end buying in IT, power shares
The Hindu
In Asian markets, Tokyo ended in the green, while Seoul, Shanghai, and Hong Kong settled in the negative territory.
Benchmark indices Sensex and Nifty bounced back from early lows to close higher on Tuesday helped by fag-end buying in IT, teck, power and utilities shares.
The 30-share BSE Sensex settled higher by 159.40 points or 0.25% to 63,327.70. The index traded in negative territory for the most part of the session and hit a low of 62,801.91.
The NSE Nifty advanced 61.25 points or 0.33% to end at 18,816.70.
From the Sensex pack, Tata Motors, HCL Technologies, Power Grid, Tech Mahindra, NTPC, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Wipro, Nestle, Tata Consultancy Services and Infosys were among the major gainers.
Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, UltraTech Cement, IndusInd Bank and State Bank of India were the major laggards.
In Asian markets, Tokyo ended in the green, while Seoul, Shanghai, and Hong Kong settled in the negative territory.
Equity markets in Europe were trading mostly lower.
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