Sensex, Nifty continue their uptrend for a third Day

In erratic trading on Tuesday, Indian equity indices extended their winning streak to three straight sessions.

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In erratic trading on Tuesday, Indian equity indices extended their winning streak to three straight sessions. During intraday trading, domestic indices fluctuated between gains and losses before stabilising in the green due to fag-end purchasing activity in stocks of banks and automobiles.

Globally, Asian stocks were divided, while U.S. stock futures moved higher following a decline on Wall Street overnight.

The 30-share BSE Sensex increased 246 points or 0.45% to end the day at 54,768 at home, while the larger NSE Nifty increased 62 points or 0.38 percent to end the day at 16,341.

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The Nifty Midcap 100 and small-cap both increased by 0.67 percent and 1.02 percent, respectively, as mid- and small-cap shares closed off the day well.

The National Stock Exchange’s compilation of 15 sector gauges, 11 of which reached positive closing values. By gaining by as much as 1.02 and 1.05 percent, respectively, the sub-indices Nifty Bank and Nifty Auto surpassed the NSE platform.

Nifty Oil & Gas and Nifty Pharma, on the other hand, experienced declines of 0.25 and 0.13 percent, respectively.

2,031 shares on the BSE climbed while 1,278 fell, resulting in a positive total market breadth.

Axis Bank, IndusInd Bank, M&M, Tata Steel, UltraTech Cement, Bajaj Finserv, SBI, Bharti Airtel, ICICI Bank, Reliance Industries, NTPC, and Hindustan Unilever were among the top gainers on the 30-share BSE index, with their respective shares rising as much as 2.35 percent.

Nestle India, HCL Tech, Sun Pharma, Kotak Mahindra Bank, Dr. Reddy’s, Infosys, Asian Paints, Titan, ITC, PowerGrid, and Tech Mahindra, on the other hand, all reported negative financial results.

The largest domestic financial investor and insurer in the nation, Life Insurance Corporation of India (LIC), had its shares drop 1.09 percent to close at 688.75 rupees.