The equity benchmark Sensex and Nifty remained marginally higher on Tuesday amid high volatility amid the economic impact of the second wave of coronovirus infection in the country.
After swinging about 646 points during the day, the 30-share BSE Sensex rose 42.07 points or 0.09% to close at 49,201.39. The broader NSE Nifty rose 45.70 points, or 0.31%, to 14,683.50.
Asian Paints with 4% gain in Sensex pack, Sun Pharma, HUL, HDFC, Drs. Reddy’s was followed by Nestle India and M&M.
On the other hand, Powergrid, Axis Bank, IndusInd Bank, Ultratech Cement and ICICI Bank lagged behind.
Binod Modi, Head – Strategy, Reliance Securities, said that domestic equity was quite volatile and gained early lead in the form of a sharp spike in COVID-19 cases across the country.
He said that the sharp rise in the cases of COVID-19 and the local lockout has hurt the sentiments of investors.
Elsewhere in Asia, nutrition in Shanghai and Tokyo ended in red, while Seoul was in positive territory.
Stock exchanges in Europe were trading with gains in mid-session deals.
Meanwhile, global oil benchmark Brent crude was up 2.43% at $ 63.66 a barrel.
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