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News Topical, Digital Desk : The domestic stock market witnessed a great enthusiasm in the Sensex weekly expiry session. After 4 consecutive days of weakness, the market managed to close on a positive note today. Buying was seen in midcap and smallcap stocks on Tuesday. If we look at the sectoral front, there was buying in auto and pharma stocks. Apart from this, shares of realty, FMCG and government banks also showed positive trend today.
The most important thing in today's session was the outperformance of the broader market. Sensex - Nifty closed with a gain of half a percent. On the other hand, the Nifty Midcap index closed with a gain of about 1%. Today, instead of selling in 1 stock, buying was seen in 2.
At what level did the market close After a day's work on Tuesday, the Sensex closed at 82,571 with a gain of 317 points. Nifty saw a rise of 114 points and the index closed at 25,196. Nifty Bank closed at 57,007 with a gain of 241 points. The Nifty Midcap index closed at 59,613, up 560 points.
Which stocks saw action today? Good buying was seen in auto stocks. Especially 2-wheeler stocks were bullish. Hero Moto rose by 5% after the news of expansion plans in the international market. The company is also focusing on increasing its market share in the 125cc segment. Sun Pharma was also included in the list of Nifty's fastest stocks. After the launch of Leqselvi medicine, this stock closed with a gain of 3%. Selling in Bajaj Auto seemed to stop and it also closed with a jump of 3%. Another session was of positive working for IndusInd Bank and this stock closed with a gain of 2% today. Even after Tesla's entry into India, the shares of 4-wheeler companies remained bullish today. M&M was at the top among them. HCL Technologies was the weakest stock of Nifty. The company released the June quarter results a day earlier. Inox Wind saw a sharp decline in the last hour of the session and it closed down by 7%. HDFC AMC closed with a gain of 4% today after a positive note. Despite better than expected results, ICICI Prudential Life closed down from the day's high. Tata Technologies closed in the green today on the strength of weak results, but positive commentary.
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