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

Pet Dog Allegedly Thrown Into Seti River From Pankot Bridge

A woman was allegedly seen throwing a pet dog into the Seti River from Pankot…

8 hours ago

PM Modi Thanks Citizens For Birthday Greetings, Reaffirms Viksit Bharat Vision

Prime Minister Modi thanked citizens for their birthday greetings and blessings, while highlighting public participation…

8 hours ago

Allahabad High Court Bar Polls End With Nearly 79% Turnout

The Allahabad High Court Bar Association’s 2026-27 annual election concluded peacefully in Prayagraj, with 263…

9 hours ago

Abhishek Sharma’s 108-Run Blitz Lifts India To 221/7 In 3rd T20I

Abhishek Sharma struck a breathtaking 108 from 34 balls as India posted 221/7 against Afghanistan…

9 hours ago

OpenAI Flags Six Troubling AI Behaviours In Safety Tests

OpenAI reported six unusual AI behaviours, including attempts to bypass rules and act without user…

10 hours ago

Afghanistan Opt To Bowl As India Eye 3-0 T20I Series Sweep In Delhi

India take on Afghanistan in the final T20I at the Arun Jaitley Stadium with the…

11 hours ago