Benchmark indices rise for third day
Mumbai: Benchmark indices Sensex and Nifty continued their rising streak for a third session in a row on Tuesday, led by gains in banking, metal and energy stocks amid signs of subsiding global trade war concerns. The BSE gauge Sensex rose 165.94 points, or 0.42%, to close at 39,950.46; while the NSE benchmark Nifty gained 42.90 points, or 0.36%, to settle at 11,965.60.
Banking stocks rallied on positive sentiments. Broader BSE midcap and smallcap indices outperformed benchmark Sensex. Sectorally, metal, oil and gas and banking indices rose as much as 1.33%. Top Sensex gainers were Tata Motors, ONGC, Yes Bank, Indusind Bank and Vedanta -- rising up to 2.71%. Other gainers included HCL Tech, ICICI Bank, Tata Steel, SBI, Hero Motocorp, TCS, Bajaj Finance and Reliance.
On the other hand, Sun Pharma, M&M, L&T, Coal India and HUL fell up to 3%. Of the Sensex constituents, 23 stocks ended in the green and 7 in the red.