Sensex, Nifty gains for 3rd straight session

The Indian markets ended in the positive terrain for a third straight trading session on Tuesday, as investors continued their gradual return after last week's big selloff. Barring Auto all the other BSE sectoral indices ended in the green. Consumer Durables, Metals and PSU stocks were among the major gainers. The broader market indices outperformed the benchmark indices for the second consecutive day. Markets opened on a flat note but the benchmark indices witnessed gradual upswing ahead of the release of November inflation report.



"Sentiment remained upbeat after the country’s monthly inflation cooled down to 7.48% from 8.58% MoM. The decline in inflation could prompt the Reserve Bank of India (RBI) to take a pause in its monetary tightening campaign after raising the key policy rates six times this year to check spiraling prices", says Amar Ambani, Head of Research (India Private Clients) - IIFL.

The BSE Sensex surged 107 points to close at 19,799 and the NSE Nifty rose 36 points to close at 5,944.

Among the BSE sectoral indices, the BSE Consumer Durable index was the top gainer the index gained 3.1%, followed by BSE Metal index up 1.6% and the BSE PSU index gained 1%. The broader indices also ended in green, the BSE Mid-Cap index was up 1.5% and BSE Small-Cap index gained 1.6%.

The European indices were trading flat, the DAX in Germany was flat, the CAC 40 index in France was flat and FTSE index was trading slightly lower by 0.2%.

Outside the frontline indices, the big gainers in the broader market were Financial Tech, Shriram Trans, HOECL and GSPL. On the other hand, losers included Nestle India, Adani Ent, Exide Ind and P&G.