In a volatile trade, the Sensex and Nifty both recover from early losses

In choppy trading on Tuesday, Indian equity indices ended higher and extended their winning streak to four sessions. After China cut the Covid-19 quarantine time for incoming travellers in half, Asian stocks turned bullish, and the local indices recovered some of their session’s early losses. At centralised facilities in Beijing, the quarantine period has been shortened from 14 to seven days.

Gains were restrained, though, by a spike in crude oil prices following last week’s collapse, which fueled inflation fears. The price of Brent crude futures increased $1.77, or 1.54%, to $116.86.

The broader NSE Nifty advanced 18 points or 0.11 percent to conclude at 15,850 today, while the 30-share BSE Sensex increased 16 points or 0.03 percent to close at 53,177.

Mid- and small-capitalization stocks ended the day with mixed results; the Nifty Midcap 100 increased 0.29 percent while small-cap lost 0.34 percent.

The broader NSE Nifty advanced 18 points or 0.11 percent to conclude at 15,850 today, while the 30-share BSE Sensex increased 16 points or 0.03 percent to close at 53,177.

Mid- and small-capitalization stocks ended the day with mixed results; the Nifty Midcap 100 increased 0.29 percent while small-cap lost 0.34 percent.

The National Stock Exchange’s 15 sector gauges, which were nine of them, finished in the black. The platform was outpaced by the sub-indices Nifty Auto, Nifty Metal, and Nifty Oil & Gas, which saw increases of up to 1.25 percent, 1.67 percent, and 2.27 percent, respectively.

ONGC was the highest Nifty gainer among individual stocks, up 5.16 percent to 148.80. Among the winners were Hindalco, Coal India, M&M, and Tech Mahindra.

A favourable market breadth was observed overall, with 1,794 equities on the BSE rising and 1,482 falling.

Axis Bank, M&M, Tata Steel, Reliance Industries, Dr. Reddy’s, TechM, L&T, HCL Tech, Nestle India, Infosys, and SBI were among the top gainers on the 30-share BSE index.

While the results were negative for Titan, Asian Paints, Bajaj Finserv, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance, IndusInd Bank, HDFC, HDFC Bank, Sun Pharma, PowerGrid, and Bharti Airtel.

Additionally, Zomato, a meal delivery service, fell 8.35% to end the day at 60.35.