Sensex gains 147 points, Nifty reclaims 10600-mark

Sensex gains 147 points, Nifty reclaims 10600-mark

The NSE Nifty was up 23.90 points, or 0.22 per cent, to 10,608.60. Earlier, the gauge had gained 35.19 points in the previous session.

The benchmark BSE Sensex rose 147 points and Nifty reclaimed 10,600 mark in early trade on Tuesday on sustained buying by domestic institutional investors amid firm Asian cues.

This is published unedited from the PTI feed.

The rupee depreciated 21 paise to 66.59 against the U.S. dollar today at the interbank foreign exchange due to appreciation of the greenback amid rising USA bond yields and surge in global crude oil prices.

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Sectoral indices led by realty, auto, FMCG, bankex and consumer durables were trading in the positive zone with gains of up to 0.93 percent.

On the other hand, Wipro (3.30%), Infosys (2.49%), Tata Steel (1.23%), State Bank Of India (0.87%), Tata Consultancy Services (0.87%), Kotak Mahindra Bank (0.73%), and were the biggest losers in the Sensex.

Financial stocks dropped today, with HDFC Bank and ICICI Bank dragging down the indexes.

Market breadth was negative with 1750 stocks closing lower against 898 ending higher on the BSE.

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Wall Street shares skidded overnight, with the S&P 500 falling 1.34 percent, the most in two-and-a-half weeks. The yield on the 10-year Treasury note rose to 2.99 percent from 2.98 percent.

Overseas, Asian markets closed mostly higher even as oil prices crossed United States dollars 75 a barrel, the highest level since November 2014, pushed up by expectations of renewed U.S. sanctions against Iran and OPEC continuing to crimp supplies. The BSE Information Technology index rose the most-1.24% or 163 points to 13,360 level.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 21.02 crore on a net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 111.01 crore last Friday, provisional data showed.

Bharti Airtel also ended 0.61 per cent higher while IDFC Bank dropped 1.24 per cent ahead of their Q4 results.

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