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| Edited By: |Source: PTI |Updated: Mar 18, 2018, 05:34 AM IST
Snapping a five-day losing streak, the BSE benchmark Sensex on Tuesday bounced back from its 4-month lows and closed 112.41 points higher led by capital goods, metal and IT stocks after higher trends in European markets.
The 30-share Sensex, which had lost nearly 700 points in last five sessions, gained 112.41 points, or 0.69% to 16,328.25 after touching the day's high of 16,370.12.
Similarly, the broad-based National Stock Exchange index rose by 35 points, or 0.71% to 4,942.80.
Brokers also said buying activity was mostly centred around IT and and capital goods on expectations the weak rupee against dollar might improve their margins. BSE-Capital Goods ended the session with over 3% gains while BSE-IT settled 1.6% higher.
The rupee today resumed lower at 54.05 per dollar as against yesterday's closing level of 53.96 per dollar and dropped further to 54.12 per dollar.
Market participants said a higher opening in European stock markets further influenced the local trading sentiment.
L&T with over 5.4% gains was the biggest gainer among Sensex pack after the company announced attractive quarter earnings and said its order inflow would grow faster.
Sun Pharmaceutical Industries (3.2%), Sterlite Industries (31.6%), Infosys (3.13%) and Hero MotoCorp (2.65%) were other important gainers.
Banking and financial stocks were also in limelight. State Bank of India rose by 1.07% to Rs1,859.95, ICICI Bank by 2.20% to Rs816.70 and HDFC Ltd by 0.22% to Rs645.
