The Nifty ended on a positive note after weak start in the opening bell. The pullback rally which started on Friday further gained strength today. The Nifty is now slowly inching towards 6000 mark after testing lows of 5740 on Friday.
The Sensex shut shop at 19784.88 up 93.10 points or 0.47% and the Nifty closed at 5940.20 up 32.55 points or 0.55%. About 1964 shares advanced, 974 shares declined, and 522 shares remain unchanged.
Asian stocks advanced on Tuesday, supported by optimism that China would avoid aggressive moves to curb inflation that could inhibit its strong economic growth and blunt its voracious demand for raw materials.
The euro hovered near three-week highs against the dollar, with traders citing solid buying from accounts, including Asian central banks, though year-end trading was thin and choppy.
BSE Consumer Durables index was the top gainer with close to 3% gain. Buying was also seen in metal, PSU, realty and capital goods stocks.
Top gainers on the Nifty: Sterlite Industries, Ranbaxy Labs, Reliance Infra, Tata Steel and Tata Motors were up 2-3%.
Top losers on the Nifty: Hero Honda, Jindal Steel, Mahindra and Mahindra, Axis Bank and HUL were down 1-3%.
The broader markets outeprformed largecaps in trade. BSE Midcap and Smallcap index were up 1.5% and 1.6% respectively.
In the midcap space, Prakash Industries, Financial Tech, Hind Oil Exploration, Glodyne Techno and GSFC were up 6-10%. Money Matters, KGN Industries, Gujarat NRE Coke, Mahindra Life and Hind Nat Glass were down 2-5%.
In the smallcap space, MSK Projects, Prime Securities, SE Investments, Eveready Industries and Dynamatic Tech were up 11-20%. Spectacle Industries, Sequent Scienti, Sahara One, Vakrangee and Surana Industries were down 5-10%.
The turnover remained on the lower side. The total turnover for the day stood at Rs 1,06,327.52 crore. In the cash segment, NSE Cash contributed Rs 13112.94 crore turnover while BSE cash segment contributed Rs 3312.49 crore turnover. The NSE F&O segment clocked turnover of Rs 89902.09 crore.
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