The Sensex and Nifty closed higher for the second consecutive session on Tuesday, aided by buying in power and utility stocks following the release of positive quarterly results by heavyweight companies.
However, foreign fund outflows and a flat trend in global equities capped the gains, according to traders.
In a highly volatile session, the 30-share BSE Sensex rose 74.61 points, or 0.12%, to settle at 60,130.71. During the day, it reached a high of 60,268.67 and a low of 60,202.77.
The NSE Nifty which is more inclusive, increased by 25.85 points, or 0.15 percent, to close at 17,769.25.
Bajaj Finance led the Sensex gainers’ chart, gaining 2.38 percent, followed by Bajaj Finserve, which gained 2.11 percent, and IndusInd Bank, which gained 1.66 percent.
A rise of 1.60 percent, 1.28 percent, and 0.92 percent, respectively, was seen at Bharti Airtel, SBI, and L&T.
In contrast, the HDFC twins, Tech Mahindra, Sun Pharma, Wipro, and Axis Bank were among the major laggards, with losses ranging from 1.47 percent to 1.47 percent.
In the broader market, the BSE midcap index remained unchanged, while the smallcap index increased 0.19 percent.
In other parts of Asia, Tokyo’s equity market saw gains while Shanghai, Seoul, and Hong Kong’s markets saw losses.
Mid-session trades on European stock exchanges were negative. On Monday, markets in the United States ended on a mixed note.
Brent crude, the international standard for crude oil, decreased 0.29 percent to USD 82.49 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold shares worth a net of 412.27 crore on Monday.
