Sensex, Nifty recover after initial drop; climb for 3rd day
The Hindu
Markets in Europe were trading on a mixed note during mid-session deals
Equity benchmarks Sensex and Nifty bounced back after falling in initial trade on Tuesday amid foreign funds inflow and a mixed trend in global markets.
The 30-share BSE Sensex advanced 246.47 points or 0.45% to settle at 54,767.62 after starting the trade on a weak note. In a volatile session, the benchmark hit a high of 54,817.52 and a low of 54,232.82 during the day.
On similar lines, the broader NSE Nifty climbed 62.05 points or 0.38% to close at 16,340.55.
Among the Sensex constituents, Axis Bank, Mahindra & Mahindra, Bajaj Finserv, IndusInd Bank, Tata Steel, UltraTech Cement and State Bank of India were the major gainers.
However, Nestle India, HCL Technologies, Sun Pharma, Kotak Mahindra Bank, Infosys, Dr. Reddy's and Asian Paints were the biggest laggards.
In Asia, markets in Seoul and Hong Kong ended lower, while Tokyo and Shanghai settled in the green.
Markets in Europe were trading on a mixed note during mid-session deals. The U.S. markets had ended lower on Monday.
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