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In the second trading session of the week, the Indian stock market closed with gains. In this way, despite the initial decline, Tuesday was a good day for the market. After the day's work, Nifty-Sensex closed in the green. Nifty Bank Index saw a rise of 2%. Three big private banks - HDFC Bank, ICICI Bank and Axis Bank saw a great recovery from the lower levels. 4 out of the top 5 stocks of Nifty were from the banking sector. SBI was the fourth fastest stock of Nifty today.
Talking about the broader market, there was a rise here too today. Nifty Midcap and Smallcap indices also closed with gains. Apart from the banking sector, buying was also seen in metal and auto stocks today. Apart from this, Realty, Energy and Oil & Gas indices closed with gains. However, FMCG, Pharma and IT index stocks were under pressure today. The market saw a great recovery on the back of financial stocks and Nifty closed above 24,200. Nifty Bank closed with a jump of 1,300 points from the day's lows.
At what level did the market close today? After a day's work on Tuesday, the Sensex closed at 79,744 with a gain of 694 points. Nifty closed at 24,213 with a jump of 218 points. Nifty Midcap index closed at 56,115 with a gain of 331 points. Nifty Bank closed at 52,207 today with a gain of 992 points. Which stocks saw action today? Metal stocks saw a rise amid a rise in metal prices in global markets. Tata Steel, JSW Steel were included in the list of Nifty's bullish stocks. Auto stocks saw a rise with strong volumes. TVS Motors, Bajaj Auto and Ashok Leyland were the fastest stocks. Paint stocks did not participate in the pullback. Asian Paints and Berger Paints also closed 1-2% lower. NMDC board will consider the bonus share proposal along with the results. This stock closed 3% higher today. Manappuram Finance closed with a gain of 4% ahead of September quarter results. Bharat Forge closed with a gain of 3%. The company has received a defense order. ABB India closed lower today after results and cautious commentary from the management. Amara Raja's second quarter results were weaker than expected. After this, this stock closed 4% lower. Mazagon Dock closed 4% higher after the results today. Tilaknagar Industries closed with a gain of 18% after strong operational performance.
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