Business

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.

Also read: Sri Lanka offers free tourist visas to citizens of India and six other countries

Spriha Rai

Recent Posts

Pakistan Requests Loans & Peace During As ‘Operation Sindoor’ Intensifies

Pakistan's government has appealed for more loans to mitigate the heavy losses inflicted by the…

6 mins ago

Samsung To Launch Galaxy S25 Edge On May 13

Samsung has officially confirmed the launch of the Galaxy S25 Edge, its highly anticipated ultra-slim…

16 mins ago

Early-Onset Cancer Rates Climb Sharply In The US; NIH Study Warns

Researchers from the US National Institutes of Health (NIH) reported a significant rise in early-onset…

23 mins ago

PIB Fact-Check Exposes Pakistan’s Misinformation On Rising India-Pakistan Tensions

The Press Information Bureau (PIB) debunked misinformation from Pakistan-based handles after India’s Operation Sindoor.

28 mins ago

Apple Bets Big On Sleek Design With iPhone 17 Air: High Hopes, Higher Risks

Apple is expected to phase out the underperforming Plus variant and replace it with the…

36 mins ago

Seven Terrorists Killed As BSF Foils Infiltration Bid In J&K’s Samba

BSF on Thursday night killed seven terrorists during a foiled infiltration attempt along the International…

40 mins ago