Market Close Highlights, Tuesday, September 10, 2024: Indian benchmark equity indices closed higher on Tuesday, capping a session of steady trading, as global stocks took cues from the overnight rally in US markets, even as investors worried about the size of the interest rate cut to be announced by the Federal Reserve at its policy meeting next week.
At closing bell, the BSE Sensex, which had opened higher at 81,768.72, traded between a high of 82,196.55 and a low of 81,445.30 through the day. The 30-stock benchmark closed at 81,921, up 361 points, or 0.44 per cent.
Only eight stocks closed in the red on the index, with losses (of up to 1.77 per cent) led by Bajaj Finserv, followed by Bajaj Finance, HUL, Mahindra & Mahindra, and Tata Motors. That apart, of the 22 stocks that closed in the green, gains (of up to 2.15 per cent) were led by HCLTech, followed by Bharti Airtel, Tech Mahindra, NTPC, and Power Grid Corp.
Meanwhile, the Nifty 50, which had also opened higher at 24,999.40, traded between a high and low of 25,130 and 24,896, respectively. The 50-stock frontline index closed at 25,041, gaining 104 points, or 0.42 per cent.
16 of the 50 stocks on the index closed in the red, with losses (of up to 4.40 per cent) led by HDFC Life, follwed by SBI Life, Shriram Finance, and the Bajaj twins. Meanwhile, of the 34 stocks that ended in the green, gains (of up to 5.23 per cent) were led by Divi's Laboratories, LTIMindtree, NTPC, Bharti Airtel, and Wipro.
In the broader markets, the BSE SmallCap gained 1.53 per cent, while the BSE MidCap was up 0.53 per cent at close.
However, across sectors, the Financial Services (down 0.31 per cent), PSU Bank (down 0.05 per cent), and Oil & Gas (down 0.24 per cent), were the only losers.
Meanwhile, the Media index was the top sectoral gainer, climbing 2.69 per cent, followed by the IT, Pharma, and Healthcare indices that had gained between 1.73 per cent and 1.02 per cent, respectively.