AGL 5.53 Decreased By ▼ -0.07 (-1.25%)
ANL 8.75 Decreased By ▼ -0.15 (-1.69%)
AVN 75.85 Decreased By ▼ -1.13 (-1.47%)
BOP 5.17 Decreased By ▼ -0.08 (-1.52%)
CNERGY 4.51 Decreased By ▼ -0.14 (-3.01%)
EFERT 81.05 Decreased By ▼ -0.17 (-0.21%)
EPCL 49.97 Decreased By ▼ -0.06 (-0.12%)
FCCL 12.45 Decreased By ▼ -0.71 (-5.4%)
FFL 5.55 Decreased By ▼ -0.15 (-2.63%)
FLYNG 6.81 Decreased By ▼ -0.29 (-4.08%)
FNEL 4.63 Decreased By ▼ -0.13 (-2.73%)
GGGL 8.50 Decreased By ▼ -0.30 (-3.41%)
GGL 14.19 Decreased By ▼ -0.41 (-2.81%)
HUMNL 5.58 Decreased By ▼ -0.09 (-1.59%)
KEL 2.52 Decreased By ▼ -0.11 (-4.18%)
LOTCHEM 28.00 Decreased By ▼ -0.65 (-2.27%)
MLCF 23.75 Decreased By ▼ -0.94 (-3.81%)
OGDC 71.58 Decreased By ▼ -0.93 (-1.28%)
PAEL 15.01 Decreased By ▼ -0.36 (-2.34%)
PIBTL 4.86 Decreased By ▼ -0.12 (-2.41%)
PRL 15.79 Decreased By ▼ -0.41 (-2.53%)
SILK 1.03 Decreased By ▼ -0.04 (-3.74%)
TELE 8.92 Decreased By ▼ -0.28 (-3.04%)
TPL 7.10 Decreased By ▼ -0.15 (-2.07%)
TPLP 18.35 Decreased By ▼ -0.35 (-1.87%)
TREET 21.15 Decreased By ▼ -0.55 (-2.53%)
TRG 134.51 Decreased By ▼ -2.04 (-1.49%)
UNITY 16.60 Decreased By ▼ -0.42 (-2.47%)
WAVES 9.40 Decreased By ▼ -0.49 (-4.95%)
WTL 1.36 Decreased By ▼ -0.05 (-3.55%)
BR100 4,147 Decreased By -78.5 (-1.86%)
BR30 15,249 Decreased By -269.1 (-1.73%)
KSE100 41,518 Decreased By -631.7 (-1.5%)
KSE30 15,341 Decreased By -247.2 (-1.59%)
Follow us

BENGALURU: Indian shares closed higher on Tuesday, boosted by technology and auto stocks, as investors mirrored positive trends in global markets and shrugged off worries around the Omicron variant of the coronavirus.

The NSE Nifty 50 index ended up 0.86% at 17,233.25 and the benchmark S&P BSE Sensex rose 0.83% to 57,897.48.

The Nifty auto index rose 1.3%, while IT (information technology) stocks added 0.97%.

"IT will continue to be at a premium valuation. It is the most stable segment and the story they have about digitalisation is going to improve over the coming years. They are defensive in nature and a very safe sector in terms of volatility," Vinod Nair, head of research at Geojit Financial Services, said.

Auto, metals lead continued recovery in Indian shares amid Omicron fears

Indian benchmark indexes are still off by nearly 7% from a peak touched in October, pressured by a combination of factors, including fears over heated valuations and a surge in Omicron cases globally.

The country approved this week Merck's COVID-19 pill and two more vaccines for emergency use, as it braces for a possible spike in infections from the highly infectious strain.

"While the market's trend might be volatile in the near term ... strong earnings delivery along with positive macro-economic data would hold the key to drive markets upwards," Motilal Oswal said in a note.

In global markets, shares in Europe and Asia inched up, on Tuesday, helped by another record-setting day on Wall Street.

Authorities in Britain and France have held off from imposing tough restrictions on movement, betting that high vaccination rates will stop hospitals from being overwhelmed even as cases surge.

Among individual shares, Asian Paints and Sun Pharma were among top gainers on the Nifty 50 index, rising 2.9% and 2.64%, respectively.

Active pharma ingredient maker Supriya Lifescience ended up 42.7% on its Mumbai market debut day, compared with an initial public offering price of 274 rupees.

Comments

Comments are closed.

Indian shares end higher on upbeat global cues; tech, auto stocks jump

Big tax defaulters: FBR to auction off properties, trademarks

Intra-day update: rupee registers improvement against US dollar

JPL seeks exemption from IFRS-9

Govt urges Turkiye to expedite TGA

UAE, Ukraine to start talks on bilateral trade deal

Oil prices rise after OPEC+ keeps output cut targets, China eases COVID curbs

Cotton arrival falls 40% year-on-year

Engro Corp to pursue potential investment opportunity in tower infrastructure sector

Pakistani embassy in Kabul: IS-KP claims responsibility for attack

Sindh will rise again against ‘the tyrant’: IK