Market Wrap: HCL Tech, TCS, Kotak Bank, Eternal Top Gainers and Losers on Nifty and Sensex on Tuesday
- India’s Sensex rose 1,109.10 points, or 1.54%, to 73,033.78, while the Nifty gained 358.60 points, or 1.60%, to 22,721.95.
- Information technology stocks led the rally, with the Nifty IT index gaining more than 5%.
- HCL Technologies was among the biggest Sensex gainers, while Kotak Mahindra Bank, Eternal, and Maruti Suzuki were among the decliners.
- The rupee strengthened for a third straight session.
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11 Articles
Ahead of Market: 10 things that will decide stock market action on Wednesday
Sensex and Nifty rallied over 1.5% on Tuesday, adding around Rs 5 lakh crore to the market capitalisation of listed companies. Investors will track global cues, Q2 earnings, active stocks, buying and selling trends, and key technical levels on Wednesday as markets assess the sustainability of the sharp rebound.
Market wrap: HCL Tech, TCS, Kotak Bank, Eternal top gainers and losers on Nifty and Sensex on Tuesday
Indian equity markets rallied over 1.5% on Tuesday, with the Sensex rising 1,109 points and the Nifty 50 gaining 358 points. IT stocks led the advance, with HCL Tech and TCS topping the gainers lists. Kotak Mahindra Bank, Eternal and Maruti Suzuki were among the notable laggards.
Late rally: Sensex jumps 1,110 points, Nifty over 22,700: 5 factors behind market rise; these stocks rebound after UPI
Indian markets rebounded Tuesday, with the Nifty 50 rising 1.60% and Sensex gaining 1.54%. Technology stocks led the rally after HCL Technologies reported strong quarterly results, while a stronger rupee, softer oil prices, and hopes of a review of the securities transaction tax supported sentiment.
Dalal Street Stages Strong Recovery as IT Stocks Rally, Sensex Gains 1,109 Points, Nifty Closes with 1.6% Jump
Get latest articles and stories on Business at LatestLY. Indian stock markets staged a strong recovery on Tuesday, with both benchmark indices closing with significant gains as a rally in information technology (IT) stocks, driven by optimism around corporate earnings, lifted overall market sentiment. Business News | Dalal Street Stages Strong Recovery as IT Stocks Rally, Sensex Gains 1,109 Points, Nifty Closes with 1.6% Jump.
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