Indian Markets close higher on Tuesday - LuvKush Finserve

Market end a 7-day losing streak and closed higher on Tuesday on back of buying in consumer goods and healthcare companies, however, risk appetite was frail as investors opted to remain on the side-lines in a holiday truncated week coupled with derivative contracts expiry on Thursday. The Bombay Stock Exchange's Sensex rose 23.11 points and at 18,704.53 while the National Stock Exchange's Nifty gained 7.75 points at 5,641.60.

Real-estate, capital goods, oil & gas, metals, power sectors dropped while consumer durables, FMCG, technology, auto indexes were among the gainers on BSE.

Among individual stocks, Bharti Airtel gained nearly 3%, HDFC and HDFC Bank rose 2.3% and 1% respectively, HUL and ITC added 2% and 1% while Sun Pharma gained 0.2% on BSE. The laggards included counters such as Reliance Industries falling 3.4%, GAIL and Tata Steel dropped 3%, Hero MotoCorp shed 3% while Larsen & Toubro and BHEL declined 2.6% and 2% on BSE. The broader markets ended mixed with mid-caps dropping 0.1% while small-caps gaining 0.04% on BSE.

Source : Equity Bulls

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