Sensex Finishes at Over 1-Month High

India’s BSE Sensex closed about 0.7% firmer at 76,826.8 on Tuesday, the highest since May 8 and extending gains for the third session. Market sentiment continued to be driven by optimism around a preliminary US-Iran peace agreement and the resulting sharp decline in crude oil prices. Also positive, foreign portfolio investors turned net buyers of Indian equities on Monday after thirteen straight sessions of selling, with inflows of ?2 billion. Among stocks, HCL Tech led the gains, rising 3.6%, followed by Bajaj Finserv (2.1%), NTPC (2.1%), Hindustan Unilever (2.1%), TCS (1.7%) and Bajaj Finance (1.7%). On the opposite side, IndiGo (-0.9%), UltraTech Cement (-0.8%) and Maruti (-0.8%) posted the biggest declines.

The SENSEX Index went up by 562 points or 0.74 percent on Tuesday to close at 76827 points. The rise was led by HCL Tech (3.64%), NTPC (2.24%) and Bajaj Finserv (2.12%). On the downside, the weakerst performers were Maruti Suzuki (-0.85%), Tata Motors (-0.63%) and UltraTech Cement (-0.62%).

India’s BSE Sensex rose about 0.5% to 76,631 in early trade on Tuesday, extending gains for a third straight session, as improving risk appetite following a preliminary US-Iran peace agreement and the resulting sharp decline in crude oil prices lifted investor sentiment. Market sentiment also received support from improving foreign flows. Foreign portfolio investors turned net buyers of Indian equities on Monday after thirteen straight sessions of selling, with inflows of 2 billion rupees, while domestic institutional investors continued to provide strong support through sustained purchases worth 31.89 billion rupees. Notable gainers included MTAR (+2.3%), HSCL (+1.8%), Apollo (+2.5%), HFCL (+4.0%), Bajaj Finance (+2.2%), and HCL Tech (+3.1%). On the downside, major laggards were Hindalco (-3.7%), Multi Commodity Exchange (-1.5%), Vedanta (-1.2%), National Aluminum (-4.5%), and Ola Electric (-1.5%).