Amidst volatility, benchmark stock indices on Tuesday surged for the fifth consecutive trading-day and closed with gains as buying momentum continued at stock exchanges.
The BSE Sensex which opened nearly 200 points higher than its previous close, finally ended the day with a gain of 147.33 points or 0.55 per cent at 26932.88. During intraday trade the Sensex had crossed the 27000 mark.
Similarly, the CNX Nifty of the National Stock Exchange (NSE) closed with a gain of 33.60 points or 0.41 per cent at 8152.90. The top Nifty gainers included Tata Motors, ITC, Cipla, Coal India and Gail.
Among the sectoral indices the consumer durables and FMCG indexes were the top gainers while the IT index ended in the red.
“Sentiments were upbeat from the beginning in response strong global cues, which later gained strength from the statements made by the Finance Minister and the Prime Minister, sharing their views on growth rate and rollout of major reforms like GST as planned,” said Jayant Manglik, President, Retail Distribution, Religare Securities Ltd in a note.
“We expect index to take a pause around current level in next session, after the recent rebound while stock specific move would keep the traders busy,” he added.
Rupee lost 12 paise to a dollar
The Indian rupee on Tuesday, however, depreciated by 12 paise against the US dollar and closed at 65.41 as commercial banks and importers bought dollars creating demand for the US Greenback. The rupee was on a gaining spree for the past five trading sessions.
