The Indian stocks market rallied on Tuesday on account of buying of some blue-chip counters, which were heavily over-sold in last few trading sessions and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday.
FM Arun Jaitley sought to allay fears with his statement on the tax front. This is the second session in which the market has entered green territory during the last 9 consecutive trading days. Meanwhile, investors will be eyeing the meeting of Prime Minister Narendra Modi with economists and senior government officials at NITI Aayog.
The BSE SENSEX ended with a gain of 406 points at 26,213. The BSE Sensex opened at 25,815 touched an intra-day high of 26,249 and low of 25,803.
The NSE NIFTY closed with a gain of 125 points at 8,033. The NSE Nifty opened at 7,915 hitting a high of 8,045 and low of 7,904.
The buying was so fierce that not a single sectoral index on the NSE ended with losses; metal, FMCG, pharma, auto, IT, banking and realty stocks ended with the top gainers. Even the mid-cap and the small-cap stocks participated in today’s rally.
Among the 50-stocks of Nifty, Bosch, ITC, Tata Steel, Aurobindo Pharma, Hindalco, Adani Ports, Tata Motors DVR and Lupin were among the gainers on NSE, whereas GAIL, Grasim, Kotak Mahindra Bank and IndusInd Bank were among the losers today.
The India VIX or volatility index fell more than 9% to 15.0825 as benchmark indices notched up near 1.5% gains each. Out of 1,362 stocks traded on the NSE, 320 declined and 986 advanced today.
The rupee was trading down 21 paise at 67.94 per US dollar.
On the global front, Asian stocks ended mixed on a day of thin trade as some markets were closed on account of Christmas and New Year holiday week. Nikkei 225 ended flat at 19,404 and the Kospi of South Korea rose 0.2%. The Shanghai Composite index closed marginally lower. Hong Kong and Australia were closed for Boxing Day.
European stocks were trading in green today. The FTSE 100 rose 0.06%, while the CAC 40 and DAX was trading up 0.12% each.
Nifty FMCG Index opened at 19,671 and touched a high of 20,154 in the day’s trade. Among the top gainers was Dabur which was up 4.15%; it was closely followed by ITC which was up by 4.04%. Jubilant FoodWorks was up by 2.81%, while Marico and Tata Global Beverages Ltd also gained by nearly 2%.
Shares of Bharat Financial Inclusion today snapped a seven-session losing streak to rise 8% to Rs 518 on bargain buying.
Shares of Divis Laboratories closed up 3% at Rs 788.90 on some bargain buying, after a 33% fall in the stock over the previous three consecutive trading days.
Shares of Pharmaceuticals stocks rebounded after 9 days of correction. The Nifty Pharma index gained 2% at 10,083.
Glenmark Pharmaceuticals closed marginally higher. The company has been granted final approval by the United States Food & Drug Administration (USFDA) for Tretinoin Capsules, 10 mg, the generic version of Vesanoid Capsules, 10 mg, of Hoffman La Roche, Inc. (which is no longer being marketed in the United States).
Future Enterprises zoomed 3.7% after the company has sold 16.09% of equity share capital Future Lifestyle Fashions Ltd. This shares has been bought on floor of exchange by Future Corporate Resources Ltd, a promoter group company, by way of inter-se transfer under block deal mechanism at prevailing market rate at time of trade.
Union Quality Plastics jumped 4.9%. The company announced that the meeting of the board of directors of the company is scheduled to be held on Dec 29, to consider and approve forfeiture of 1,01,700 partly paid up equity shares.
Lupin advanced 2% after the pharma company has received tentative approval from the US health regulator to sell Olmesartan medoximil tablets, used for treating high blood pressure, in the American market.
A total of eight stocks registered a fresh 52-week high in trades today, whereas 46 stocks touched a new 52-week low on the NSE.
FM Arun Jaitley sought to allay fears with his statement on the tax front. This is the second session in which the market has entered green territory during the last 9 consecutive trading days. Meanwhile, investors will be eyeing the meeting of Prime Minister Narendra Modi with economists and senior government officials at NITI Aayog.
The BSE SENSEX ended with a gain of 406 points at 26,213. The BSE Sensex opened at 25,815 touched an intra-day high of 26,249 and low of 25,803.
The NSE NIFTY closed with a gain of 125 points at 8,033. The NSE Nifty opened at 7,915 hitting a high of 8,045 and low of 7,904.
The buying was so fierce that not a single sectoral index on the NSE ended with losses; metal, FMCG, pharma, auto, IT, banking and realty stocks ended with the top gainers. Even the mid-cap and the small-cap stocks participated in today’s rally.
Among the 50-stocks of Nifty, Bosch, ITC, Tata Steel, Aurobindo Pharma, Hindalco, Adani Ports, Tata Motors DVR and Lupin were among the gainers on NSE, whereas GAIL, Grasim, Kotak Mahindra Bank and IndusInd Bank were among the losers today.
The India VIX or volatility index fell more than 9% to 15.0825 as benchmark indices notched up near 1.5% gains each. Out of 1,362 stocks traded on the NSE, 320 declined and 986 advanced today.
The rupee was trading down 21 paise at 67.94 per US dollar.
On the global front, Asian stocks ended mixed on a day of thin trade as some markets were closed on account of Christmas and New Year holiday week. Nikkei 225 ended flat at 19,404 and the Kospi of South Korea rose 0.2%. The Shanghai Composite index closed marginally lower. Hong Kong and Australia were closed for Boxing Day.
European stocks were trading in green today. The FTSE 100 rose 0.06%, while the CAC 40 and DAX was trading up 0.12% each.
Nifty FMCG Index opened at 19,671 and touched a high of 20,154 in the day’s trade. Among the top gainers was Dabur which was up 4.15%; it was closely followed by ITC which was up by 4.04%. Jubilant FoodWorks was up by 2.81%, while Marico and Tata Global Beverages Ltd also gained by nearly 2%.
Shares of Bharat Financial Inclusion today snapped a seven-session losing streak to rise 8% to Rs 518 on bargain buying.
Shares of Divis Laboratories closed up 3% at Rs 788.90 on some bargain buying, after a 33% fall in the stock over the previous three consecutive trading days.
Shares of Pharmaceuticals stocks rebounded after 9 days of correction. The Nifty Pharma index gained 2% at 10,083.
Glenmark Pharmaceuticals closed marginally higher. The company has been granted final approval by the United States Food & Drug Administration (USFDA) for Tretinoin Capsules, 10 mg, the generic version of Vesanoid Capsules, 10 mg, of Hoffman La Roche, Inc. (which is no longer being marketed in the United States).
Future Enterprises zoomed 3.7% after the company has sold 16.09% of equity share capital Future Lifestyle Fashions Ltd. This shares has been bought on floor of exchange by Future Corporate Resources Ltd, a promoter group company, by way of inter-se transfer under block deal mechanism at prevailing market rate at time of trade.
Union Quality Plastics jumped 4.9%. The company announced that the meeting of the board of directors of the company is scheduled to be held on Dec 29, to consider and approve forfeiture of 1,01,700 partly paid up equity shares.
Lupin advanced 2% after the pharma company has received tentative approval from the US health regulator to sell Olmesartan medoximil tablets, used for treating high blood pressure, in the American market.
A total of eight stocks registered a fresh 52-week high in trades today, whereas 46 stocks touched a new 52-week low on the NSE.
