Indian markets end the day in green

14 May 2024 , 03:50 PM

Indian benchmark indices concluded Tuesday’s trading session on a positive note, buoyed by favorable cues from global markets.

Sensex commenced the day on a lower note at 72,696.72 but swiftly ascended to an intraday peak of 73,286.26. Ultimately, Sensex closed at 73,104.61, marking a gain of 328.48 points, or 0.45%, from the previous close.

Similarly, Nifty opened at 22,112.90, dipped momentarily before rallying to an intraday high of 22,270.05. Ultimately, it settled at 22,217.85, reflecting an increase of 113.80 points, or 0.51%, compared to Monday’s closure.

Among the 30 stocks constituting the BSE Sensex, nine concluded the day in negative territory. Nestle India, TCS, Axis Bank, ICICI Bank, and Bajaj Finance emerged as the prominent laggards, while Mahindra & Mahindra, Larsen & Toubro, JSW Steel, NTPC, and IndusInd Bank led the gainers.

On the Nifty 50 front, 14 out of the 50 stocks ended in the red. Cipla, TCS, Tata Consumer Products, Nestle India, and Axis Bank weighed down the index, while Adani Enterprises, Mahindra & Mahindra, Hero MotoCorp, ONGC, and Larsen & Toubro emerged as the top performers.

The broader market indices displayed strength, with the BSE SmallCap index surging by 1.79% and the BSE MidCap rising by 1.14% at the close.

Among sectoral indices, FMCG, Pharma, and Healthcare were the sole sectors to conclude in negative territory. Conversely, Metal, Auto, PSU Bank, and Oil & Gas sectors exhibited notable gains.

In corporate developments, Devyani International and PVR INOX unveiled a strategic partnership to establish a company focused on developing and operating food courts within shopping malls in India.

Exicom introduced Harmony Gen 1.5 DC Fast Chargers, touted as India’s fastest DC charger, with an output capacity of up to 400kW.

Bajaj Electricals reported a 44.7% year-on-year decline in Q4 net profit at ₹29.3 crore, while PVR Inox’s consolidated net loss narrowed by over 60% year-on-year to ₹129.5 crore.