Fag-end buying drives up stock indexes, ending a two-day loss trend

The Sensex and Nifty recovered from two days of losses to close higher on Tuesday, boosted by fag-end buying in auto, power, and metal sectors, as well as fresh foreign fund inflows.

In a turbulent trading, the 30-share BSE Sensex climbed by 204.16 points or 0.31 percent to 66,174.20. It reached a peak of 66,256.20 and a low of 65,906.65 during the day.

The Nifty advanced 95 points or 0.48 percent to 19,889.70.

Tata Motors, Bajaj Finserv, UltraTech Cement, Bharti Airtel, Bajaj Finance, NTPC, Titan, and Axis Bank were the top gainers on the Sensex.

Among the laggards were ITC, Hindustan Unilever, ICICI Bank, and Power Grid.

In Asian markets, Seoul and Shanghai closed higher, while Tokyo and Hong Kong closed lower.

European markets were generally down.

On Monday, the US markets finished modestly down.

Brent crude surged 1.19 percent to $80.93 per barrel.

On Monday, the equity markets were closed in observance of Guru Nanak Jayanti.

According to exchange data, Foreign Institutional Investors (FIIs) purchased securities worth Rs 2,625.21 crore on Friday.

On Friday, the BSE benchmark fell 47.77 points or 0.07 percent to 65,970.04. The Nifty lost 7.30 points or 0.04 percent to 19,794.70.

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