MARKET WRAP: Sensex ends 379 pts up at 36,443, Nifty at 10,987; autos rally


The benchmark indexes ended at a 1 percent higher led by the gains in ICICI Bank, Axis Bank, HDFC Bank, ITC and RIL.

The S & P BSE Sensex finished at 36,443, up 379 points, while the broader Nifty50 index was at 10,987, 123 more points.

Among the sector indices, the Nifty Auto index ended with an increase of 3.17 percent, with Eicher Motors and Tata Motors winning the most. The Nifty Metal Index was also established at 2.65 percent higher led by Jindal Stainless and Hindustan Copper.

In the broader market, the S & P BSE MidCap index finished with 291 points, or 2.01% higher at 14,794, while the S & P BSE SmallCap index stood at 14,417, an increase of 435 points, or 3.11% .

The shares of REC (up to 5 percent in Rs 144) and Power Finance Corporation (up to 2.5 percent in Rs 116) reached their respective 52-week highs during intraday trade in BSE. REC ended at Rs 144.80, down 5.46 percent, while Power Finance Corporation settled 2.78 percent more at Rs 116.50.

Tata Motors shares rose 10 percent to Rs 198 each on the National Stock Exchange (NSE) in intraday trading on the back of large volumes after the company denied reports exploring options for Jaguar Land Rover. Automotive Plc (JLR) Including stake sale. The action ended at Rs 193.40, down 7.27 percent.

Asian stocks fell on Tuesday, weighed down by economic concerns in the US. UU And when China reduced its growth target due to the intensification of the challenges arising from the increase in debt and a dispute over trade and technology with the United States.

MSCI’s broader index of Asia and the Pacific shares outside Japan fell 0.15 percent and Japan’s Nikkei fell 0.4 percent.