Closing Bell: Sensex ends 270 points up, Nifty over 80 points higher as metals, IT, PSU bank stocks take lead

Domestic equity markets ended their three-day losing spree on Tuesday with help from metal, PSU bank and IT stocks. BSE Sensex closed at 61,418.96, up 274.12 points or 0.45 per cent while the Nifty50 settled at 18,244.20, up 84.25 points or 0.46 per cent from the Monday closing. Bank Nifty finished at 42,457.05, higher by Rs 110.50 or 0.26 per cent.  

VIX, a measure of volatility in Nifty stood at 13.84, down 6.45 per cent from the Monday closing level.  

In the 50-stock Nifty50 index, 36 stocks advanced while 14 declined. The top gainers were Indusind Bank, NTPC, JSW Steel, HDFC Life and Ultratech Cement Company while top losers were BPCL, Nestle India, Bharti Airtel, Power Grid and ONGC.  

Nifty Realty was the lone loser in 15 Nifty sectoral indices. The overall market momentum was lent by performances from Nifty PSU Bank Index (+1.66 per cent) which continued its upward momentum. Nifty IT (+0.81 per cent) and Nifty Metal (+0.89 per cent) were other major performers.  

There was stock specific action in broader markets with Nifty Mid Cap 100 ending at 31,070 up 0.55 per cent with 63 advances and 37 declines. Varun Beverages and Bank of India were top gainers in this segment while PB Fintech which fell nearly 3 per cent was the top loser. Meanwhile, Nifty Small Cap 100 ended with marginal gains at 9,639.70 dragged by 54 stocks which lost against 45 gainers. Ease My Trip ended with gains of 17 per cent while Maharashtra Bank was top loser and fell over 3 per cent. 

Vedanta announced third interim dividend of Rs 17.50 per share after market hours. The stock ended at Rs 310.25 on the NSE, up 0.76 per cent. 

Kaynes Technology stock which was listed today at a premium of 30 per cent, shed some of its listing gains to end 16 per cent higher from the issue price. The stock ended at Rs 685.25 against the issue price of Rs 587. 

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