Stock Market: Sensex Rises 205 Points, Nifty Settles Below 19,750 Amid Volatility. IT Gains

Stock Market: Sensex Rises 205 Points, Nifty Settles Below 19,750 Amid Volatility. IT Gains

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The two key equity benchmarks, Sensex and Nifty, on Tuesday settled off record highs as profit booking at higher levels capped the market rally amid volatility. The S&P BSE Sensex closed at 66,795, up 205 points, after hitting an all-time high of 67,007 during the day. On the other hand, the Nifty50, closed 38 points up at 19,749, from a record peak of 19,819.

On the 30-share Sensex platform, Infosys, Asian Paints, HCL, Reliance Industries, ICICI Bank, Wipro were among the gainers. On the downside, SBI, Titan, Bajaj Finance, Sun Pharma, Tata Steel, Tata Motors were among the losers.

In the broader market, the BSE Midcap and Smallcap indices ended in the negative zone, down up to 0.47 per cent.

Among sectors, metal and realty indices down nearly 1 per cent each, while power index up 0.6 per cent and information technology index up 1 per cent. The Nifty Private Bank index, meanwhile, added just 0.05 per cent. All other indices settled in the negative zone.

The Rs 631-crore initial public offer (IPO) of Netweb Technologies was subscribed 7.9 times till 3:30 pm on the second day of the offer. The subscription was led by employees, with their portion booked 15 times. The retail investors’ quota was booked 7.94 times, NII at 14.36 times, and QIB 2.6 times. The offer will close on Wednesday.

In the previous session on Monday, the S&P BSE Sensex closed at 66,590, surging 529 points, while the Nifty50 settled at 19,711, up 147 points.



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