Sensex recovers over 200 points in early trade, Nifty up; banking, IT stocks rally

The benchmark BSE Sensex recovered over 200 points on Tuesday led by gains in banking and IT stocks despite weak global cues. The 30-share index was trading 169.69 points or 0.44 per cent, higher at 38,770.03. Similarly, the broader NSE Nifty was up 38.70 points, or 0.33 per cent, at 11,636.95.

Top gainers in the early session were Vedanta, Coal India, Hero MotoCorp, TCS, SBI, Tata Steel, Axis Bank, PowerGrid, Yes Bank, Tata Motors, HUL, ICICI Bank, HDFC Bank and Infosys, rising up to 1.83 per cent. On the other hand, IndusInd Bank, ONGC, RIL, Sun Pharma, HCL Tech and Bharti Airtel fell up to 1.92 per cent.

In the previous session on Monday, the BSE bourse settled at 38,600.34, down 362.92 points or 0.93 per cent. The broader NSE Nifty ended the day at 11,598.25, losing 114 points or 0.97 per cent. According to traders, banking and IT stocks lifted investor sentiment despite choppy cues from other global markets.

Share this to your,

Leave a Reply

Your email address will not be published. Required fields are marked *