Stock market update: Sensex ends 2-day losing run, rises 497 points; Nifty nears 16,800

New Delhi: 

Domestic equity benchmarks on Tuesday ended day’s trade in green. The gains in metal and IT stocks amid a positive trend in global markets gave stimulus to the Indian share market that ended below 2 per cent on Monday (December 20).

BSE Sensex rose 497 points or 0.89 per cent to close at 56,319, while the broader NSE Nifty ended 0.94 per cent or 156.65 points up to settle at 16,771.85.

Stocks of HCL Tech was the top gainer at Nifty. It’s stock rose 4.32 per cent to Rs 1,210. Shares of Wipro, Adani Ports, UPL Ltd and Tata Steel also ended on a firm note. 

As many as 14 of 15 sector gauges — compiled by the National Stock Exchange — settled higher today. Meanwhile, Nifty PSU Bank ended flat.

On the BSE, HCL Tech, Wipro, Tata Steel, UltraTech Cement, Tech Mahindra and Titan registered maximum gains and their shares rose nearly 4.30 per cent.

The BSE midcap index rose 1.43 per cent and the smallcap closed 1.29 per cent higher.

Debutant MapmyIndia rose 53.6 per cent to a high of Rs 1,587 in opening trades as compared to its issue price of Rs 1,033 per share on the BSE. The stock, however, pared some gains and eventually ended the day’s trade 33.2 per cent higher at Rs 1,376. 

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Meanwhile, the rupee surged by 31 paise to close at 75.59 against the US dollar on Tuesday. The Indian currency got fillip from a positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment.


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