Sensex, Nifty Extend Gains For Second Day; Auto And Pharma Stocks Decline
(RTTNews) - Indian shares recovered from an early slide to end modestly higher on Tuesday.
The benchmark S&P/BSE Sensex rose 363.99 points, or 0.45 percent, at 80,369.03, extending gains for a second straight session.
The broader NSE Nifty index closed up 127.70 points, or 0.2 percent, at 24,466.85.
Financials took the lead, with SBI rallying more than 5 percent after its newly appointed chairman said he would like to leverage the bank's technology and digitalization to reach the under-served across the country amid intense competition for deposits.
SBI Life, HDFC Life, Eicher Motors and BEL jumped 3-5 percent.
Automakers led losses, with Hero MotoCorp, Tata Motors and Maruti Suzuki India falling 3-4 percent due to concerns over subdued festive demand.
Sun Pharma dropped 2 percent despite reporting a 28 percent rise in quarterly profit. Peer Dr Reddy's Laboratories fell 2.5 percent after shares turned ex-split on Monday.
Rally May Stall For Hong Kong Stock Market
China Stock Market May Reverse Tuesday's Losses
Australia Inflation Adds 0.2% On Quarter In Q3
Tech Shares May Lift Taiwan Stock Market
Singapore Bourse May Be Stuck In Neutral On Wednesday
Little Movement Expected For Malaysia Stock Market
KOSPI May Run Out Of Steam On Wednesday
