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Sensex, Nifty end marginally higher; ONGC rallies 6 per cent

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Sensex, Nifty end marginally greater; ONGC rallies 6 per cent

Equity benchmarks Sensex and Nifty ended marginally greater on Tuesday amid excessive volatility and tepid cues from world markets. After gyrating 667.46 factors in the course of the day, the 30-share BSE Sensex ended 7.09 factors or 0.01 per cent greater at 49,751.41. After the same motion, the broader NSE Nifty settled 32.10 factors or 0.22 per cent up at 14,707.80.

ONGC was the highest gainer within the Sensex pack, rallying round 6 per cent, adopted by IndusInd Bank, L&T, ExtremelyTech Cement, Titan, SBI and NTPC.

On the opposite hand, Kotak Bank, Maruti, Bajaj Auto, HDFC Bank and HCL Tech have been among the many laggards.

Domestic equities witnessed curler coaster journey amid excessive volatility, with metals and realty indices recording substantial beneficial properties, stated Binod Modi, Head – Strategy at Reliance Securities.

“Concerns pertaining to increase in bond yields and higher commodity prices dented investors’ sentiments in last couple of days. However, underlying strength of economy and market remains intact,” he added.

Elsewhere in Asia, bourses in Shanghai and Seoul ended on a unfavorable notice, whereas Hong Kong settled with beneficial properties.

Stock exchanges in Europe have been additionally buying and selling within the pink in mid-session offers.

Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 0.81 per cent greater at USD 64.88 per barrel.

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