Sensex recovers…Nifty reclaims 6300

After being under pressure for past two days, bulls were back on Dalal-Street on Tuesday. The FMCG, Realty and Telecom stocks lifted the NSE Nifty to reclaim the 6300 levels. Even the broader indices participated in the upswing. However, the Oil & Gas and PSU stocks were among the major losers.



"Today’s gains were seen despite weak cues from the Asian markets, in addition a positive start to the equity markets across Europe further lifted sentiments:, says Amar Ambani, Head of Research (India Private Clients) - IIFL.

The BSE Sensex gained 80 points to close at 20,932 an the NSE Nifty added 28 points to close at 6,302.

The BSE FMCG index was the top gainers the index gained 2.5%, followed by BSE Realty index it gained 1.4%, the BSE Teck index gained 1.1% and BSE IT index gained 1%.

The broader indices ended with gains as well, the BSE Mid-Cap index ended higher by 0.4% and BSE Small-Cap index added 0.9%.

The European indices were trading with smart gains, the DAX in Germany was up 0.5%, the CAC 40 index in France was up 0.6% and FTSE index was up 1.3%.

Outside the frontline indices, the big gainers in the broader market were Jet Airways, TVS Motors, Nestle, Petronet LNG and Jai Corp. On the other hand, losers included IDFC, Patni, BGR Energy and BOB.