INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of HDIL (up 10.94 per cent), Windsor Machine (up 10.26 per cent), NCL Industries (up 9.32 per cent), PPAP Automotive (up
9.20 per cent) and Balkrishna Industries (up 9.15 per cent) surged up to 10 per cent on NSE on Tuesday, mirroring the bullish sentiment of
domestic equity market.
Stocks such as Thirumalai Chemicals (up 7.71 per cent), Karur Vysya Bank (up 7.64 per cent), Aditya Birla Fashion
and Retail (up 7.43 per cent) and Apcotex Industries (up 7.27 per cent) jumped over 7 per cent.
Snapping the losses of two consecutive
sessions, equity benchmarks Sensex and Nifty closed higher on Tuesday owing to gains led by bank, energy, metal and FMCG stocks.
Buying was
observed in most sectors today as positive inflation numbers influenced the sentiment
The retail inflation fell to a 9-month low of 4.17 per cent in July on declining vegetable prices
After hitting a four-year high in June, the WPI inflation has ebbed a little to 5.09 per cent in the month of July, official data released
But, the unabating fall of Indian rupee remains an overhang
The local currency, in line with the currencies of other emerging markets, has been in a hole for some time now as it went past the 70-mark
for the first time ever on Tuesday
Sensex climbed 207 points, or 0.55 per cent, closing the day at 37,852, with 18 stocks advancing and 13 declining.
The Nifty50 settled 79
points, or 0.70 per cent, up at 11,435, with 30 stocks in the green and 20 in the red.
All sectors on NSE closed with gains
Nifty Pharma, with a gain of over 3 per cent, settled at the top.
Sun Pharmaceutical Industries, YES Bank, Lupin, Cipla, Bajaj Finance and
Ultratech Cement emerged as the top gainers in the Nifty index on Tuesday.
