Markets end higher for second day; Sensex jumps over 350 points, Nifty settles above 17,300; Bank Nifty outperform

29 Mar 2022 , 03:49 PM

Equity benchmark finished higher for the second straight session amid strong global cues on Tuesday. On the sectoral front, buying interest was seen in pharma, healthcare, financial services and consumer durables, while PSU Bank, Media and oil gas slipped into the red. 

Whereas, Bank Nifty too swung higher as the 12-share banking index gained over 100 points to settle above 35,800.

In the broader market, Nifty midcap and smallcap too ended with gains of over 0.25%.

India VIX settled near 21-mark. 

The 30-pack index was parked at 57,944, up 350 points or 0.6 per cent, while the broader 50-share index ended at 17,325, up 103 points or 0.6 per cent.

Adani Ports, Eicher Motors, Divis Labs, Bharti Airtel, JSW Steel, HDFC, SBI Life, Ultratech Cement, Cipla, and Shree Cement were the top gainers in the large-cap space, up between 2 per cent and 4.6 per cent.

On the flipside, Hero MotoCorp, ONGC, Coal India, Indian Oil Corporation, PowerGrid, ITC, and Maruti Suzuki dropped the most, falling between 1 per cent and 6.6 per cent.

Adani Power was the biggest MidCap winner as the shares closed over 14 per cent higher.

Hero Moto ended lower by 7% after the media reports said that the Income Tax Department has found that Hero MotoCorp made more than Rs1000 crore bogus expenses and over Rs100 crore cash transactions for a farmhouse in Chhattarpur, Delhi.