Sensex rises for 4th day, ends 225 pts higher; financial, metal stocks gain

NSE's Nifty ended at 11,322.50, up 52 points or 0.46 per cent.

Extending its gaining streak into the fourth session in a row, the benchmark S&P BSE Sensex ended 0.6 per cent, or 225 points higher at 38,407.01 levels on Tuesday, led by buying in financial counters. Further, positive global cues and Prime Minister Narendra Modi's statement that the number of active Covid-19 cases has come down also boosted investor sentiment. READ MORE

NSE's Nifty gained for the fifth straight day to settle at 11,322.50, up 52 points or 0.46 per cent. India VIX declined 5.57 per cent to 21.25 levels. 

Private sector lender Axis Bank (up 4 per cent) ended as the top gainer on the Sensex while Titan Company emerged as the biggest loser (down nearly 4 per cent) after reporting weak set of numbers for the quarter ended June 2020. 

In the broader market, the S&P BSE MidCap index ended at 14,392 levels, down 0.2 per cent while the S&P BSE SmallCap index fell 0.23 per cent to settle at 13,837. 


Global markets

World stocks inched to 5-1/2 month highs on Tuesday, lifted by bets a US fiscal stimulus package will be reached and by signs Sino-US tensions have eased ahead of a crucial round of trade talks. 

MSCI’s global equity index rose 0.4 per cent while a benchmark of Asian shares outside Japan gained nearly 1 per cent. Japan’s Nikkei climbed 1.9 per cent.

In commodities, oil prices rose. Brent crude added 29 cents, or 0.6 per cent, to $45.28 a barrel while West Texas Intermediate US crude rose 38 cents, or 0.9 per cent, to $42.32 a barrel at the time of writing of this report. 

Gold prices fell more than 1 per cent, breaking below the $2,000 level for the first time in a week, as the dollar’s relative value against other currencies strengthened and spurred investors to lock in profits following a record run.

(With inputs from Reuters)