Stock Market

Wall Street rises, Asia trades higher; GIFT Nifty up 100 pts


February 07, 2024 / 07:31 AM IST

Market  on Tuesday:

The Indian equity benchmarks managed to hold on to the early gains and ended the session near the day’s highs on February 6, as investors shrugged off concerns over a delay in rate cuts by the US Federal Reserve.

The market opened higher despite subdued global cues except China and Hong Kong, which closed higher, and managed to extend gains as the session progressed.

At close, the Sensex was up 454.67 points or 0.63 percent at 72,186.09, and the Nifty was up 167.50 points or 0.77 percent at 21,939.20.

Top Nifty gainers included BPCL, HDFC Life, TCS, Maruti Suzuki and HCLTech, while losers were Power Grid, IndusInd Bank, ITC, Bajaj Finserv and Britannia Industries.

On the sectoral front, auto, energy, oil and gas information technology, infra, metals and pharma rose 1-3 percent, while banks and FMCG fell marginally by 0.1 percent each.

BSE midcap and smallcap indices outperformed the benchmarks and ended with gains of around a percent each.



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