At the closing bell on July 19, the Sensex closed at 54,767.62, up by 0.5 per cent or 246.47 points, while the Nifty index closed at 16,340.55 up 0.4 per cent or 62.05 points. S&P BSE Smallcap closed stronger at 26,367.49 up by 0.88 per cent or 230 points. 

  GE Power, Valiant Organics and Nava Bharat Ventures witnessed positive action in today’s session.  

Recording gains in PSU and select private banks, financial services, and select heavyweight stocks, the benchmark indices closed higher rising towards the end of Tuesday's trading session. Sensex was up 246.47 points or 0.45 per cent at 54,767.62 level whereas Nifty gained 62 points or 0.38 per cent at 16,340.50 level. 

In fact, in the last two trading sessions, the sector gained nearly 4 per cent while on an MTD basis, it delivered an eye-popping return of 13.21 per cent and has been the show-stopper.

BSE Smallcap index outperformed broader markets by climbing 0.88 per cent to close at 26,367.49.

The shares of Polycab India surged to 4.76 per cent on BSE after the company announced its quarterly results for Q1FY23. Polycab India is a top gainer of BSE Capital Goods index today. 

Indices gained momentum in the last hour as Nifty inched higher by 0.38 per cent to close above the 16,300 level.

The stock also witnessed a triangular consolidation pattern of 27 trading sessions and has been trading above its 20-DMA. Moreover, the 20-DMA is on a rising trajectory. The daily 14-period RSI is seen rebounding after forming a base at the nine-period average thereby, supporting the positive bias.

At 11.30 am on Tuesday, the headline equity indices, i.e. Sensex and Nifty 50 are seen extending gains from the last trading session.  

Auto sector recovery is reflecting the share price of the companies in this sector today.

Markets started on a flat note this morning, with Nifty 50 down 0.14 per cent. However, investing in companies with better ROCE and lower PE makes sense. Continue reading to learn more about such stocks under Rs 100.