BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the NSE rose 124.60 points, or 1.58%, to 8,032.85
BSE Sensex recovered on Tuesday largely on the back of value buying in blue-chip stocks such as Cipla, Reliance Industries and TCS. The 30-share index rebounded with all sectoral indices led by consumer durables, health care, IT, FMCG, auto and capital goods stocks trading in the positive zone.
The barometer had lost 233.60 points in the previous session. Brokers said value-based buying at some blue-chip counters, which are heavily over-sold and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday supported the recovery. IT majors TCS and Infosys and oil giant RIL advanced, helping the Sensex trade in the green.
3.30pm: The 30-share S&P BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the National Stock Exchange (NSE) rose 124.60 points, or 1.58%, to 8,032.85.
3.15pm: The 30-share S&P BSE Sensex is currently trading higher by 426 points, or 1.65%, to 26,234, while the Nifty 50 of the National Stock Exchange (NSE) rises 130 points, or 1.65%, to 8,039
2.31pm: Godfrey Phillips Ltd shares rise 20% to trade at Rs999 against the previous session’s closing of Rs832.50.
2.26pm: The 30-share S&P BSE Sensex is currently trading higher by 227 points, or 0.88%, to 26,035, while the Nifty 50 of the NSE rises 67 points, or 0.84%, to 7,975.
BSE Sensex recovered on Tuesday largely on the back of value buying in blue-chip stocks such as Cipla, Reliance Industries and TCS. The 30-share index rebounded with all sectoral indices led by consumer durables, health care, IT, FMCG, auto and capital goods stocks trading in the positive zone.
The barometer had lost 233.60 points in the previous session. Brokers said value-based buying at some blue-chip counters, which are heavily over-sold and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday supported the recovery. IT majors TCS and Infosys and oil giant RIL advanced, helping the Sensex trade in the green.
3.30pm: The 30-share S&P BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the National Stock Exchange (NSE) rose 124.60 points, or 1.58%, to 8,032.85.
3.15pm: The 30-share S&P BSE Sensex is currently trading higher by 426 points, or 1.65%, to 26,234, while the Nifty 50 of the National Stock Exchange (NSE) rises 130 points, or 1.65%, to 8,039
2.31pm: Godfrey Phillips Ltd shares rise 20% to trade at Rs999 against the previous session’s closing of Rs832.50.
2.26pm: The 30-share S&P BSE Sensex is currently trading higher by 227 points, or 0.88%, to 26,035, while the Nifty 50 of the NSE rises 67 points, or 0.84%, to 7,975.
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