Sensex, Nifty outperform global indices; BHEL gains 4 per cent, Adani Power declines by 8 per cent

On Tuesday, Sensex gained by 181.54 points or by 0.40 per cent to close at 45,608.51 levels while Nifty was up by 37.20 points or by 0.28 per cent and settled at 13,392.95 levels.

Gains in PSU banks pushed the markets higher in today’s trading session. Investors’ sentiments remained positive in the markets on reports about emergency vaccine rollout in India as well as pinning hopes on stimulus package from the US and Japan.

In the global markets, Asian indices such as Shanghai index, Hang Seng, Nikkei, and KOSPI declined by 0.19 per cent, 0.76 per cent, 0.30 per cent and 1.62 per cent, respectively.

In the European markets, indices such as FTSE 100, DAX, and CAC 40 were trading in red, down by 0.39 per cent, 0.17 per cent and 0.52 per cent, respectively. Fading hopes of Brexit trade talks and an increasing number of the COVID-19 cases led to soured sentiments in the European markets.

Sensex gainers included UltraTech Cement that jumped 3.15 per cent, TCS surged 2.21 per cent, RIL gained 1.82 per cent, HCL Technologies went up by 1.06 per cent, Infosys rose by 0.86 per cent, SBI gained 0.83 per cent, Kotak Mahindra Bank increased by 0.73 per cent, Bajaj Auto gained 0.49 per cent, etc.

Sensex losers consisted of Sun Pharmaceutical Industries that plunged 2.36 per cent, IndusInd Bank fell by 2 per cent, NTPC decreased by 1.55 per cent, Tech Mahindra went down by 1.38 per cent, ONGC decreased by 1.31 per cent, Asian Paints fell by 1.25 per cent, Bharti Airtel decreased by 1.08 per cent, etc.

Amongst sectoral indices on BSE, the Energy index was the biggest gainer, up by 1.14 per cent while the Telecom index was the biggest loser, down by 1.09 per cent. The broader markets underperformed the domestic benchmark indices, as BSE Small-Cap index and BSE Mid-Cap index declined by 0.29 per cent and 0.16 per cent, respectively.