Sensex Closes 126 pts Higher, Nifty Above 18,200; HDFC Life Gains 5%
Sensex Closes 126 pts Higher, Nifty Above 18,200; HDFC Life Gains 5%
Sensex Today: Benchmark S&P BSE Sensex and Nifty50 indices began on a cautious note on Tuesday

Sensex Today: Indian benchmark indices closed higher for the second consecutive day in 2023, supported by strong quarterly updates posted by financial names and firm rupee movement.

While the benchmark index Nifty50 recouped intra-day’s losses to close above 18,200 levels, after hitting a low of 18,149; the S&P BSE Sensex reversed over 250 points from day’s low of 61,004 to close at 61,294 levels.

Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent. India VIX, the volatility gauge, on the other hand, slipped over 2 per cent.

That apart, all sectors shifted between gains and losses in Tuesday’s trade. Nifty Bank, Nifty Pharma, Nifty IT indices closed in positive territory, surging up to 0.7 per cent. However, Nifty Auto, Nifty Metal, Nifty FMCG, and Nifty Media indices declined up to 0.7 per cent.

Vinod Nair, Head of Research at Geojit Financial Services, said: “In the absence of major economic triggers, the domestic market shifted its focus towards the Q3 earnings season, which is set to kick off this week. Banks’ initial quarterly business results revealed solid business traction supported by robust loan growth. IT and banks will take centre stage in the coming days as the trend in the market will be determined by the early signals from sector majors.”

Adani lifts payout for NDTV open offer to match payment to founders

Adani Enterprises said on Tuesday it will pay an additional 48.65 rupees per share to New Delhi Television Ltd investors who sold their shares to the conglomerate in its open offer for the news network.

This takes the offer price to 342.65 rupees per share, matching what Adani paid NDTV founders when they sold their stake to the conglomerate last week.

Adani Enterprises was quoting at Rs 3,831.20, down Rs 9.50, or 0.25 percent on the BSE.

Rupee Close

Indian rupee closed 15 paise lower at 82.89 per dollar against previous close of 82.74.

Global Cues

In Australia, the S&P/ASX 200 fell 1.64 per cent on its first trading session of 2023, while South Korea’s Kospi dipped 1.9 per cent. Hong Kong’s Hang Seng index slipped 1.15 per cent, while the Shanghai Composite in mainland China fell 0.44 per cent. Markets in Japan and New Zealand are closed for public holidays Tuesday.

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