sensex rises today: ET Market Watch: Sensex and Nifty close in green, RIL caps gains;
Sensex rose 90 points to 73,738. On the other hand, Nifty closed 31 points higher at 22,368. Sensex hit a high of 74,059 during the trading session.
Nifty moved sideways throughout the session, according to Rupak De, senior technical analyst at LKP Securities. The 22,350-22,400 range is likely to act as a resistance zone. A move above 22,400 could trigger a market rally. Support is located at 22,250. A violation below this could dampen bullish sentiment.
Today’s winners and losers
Bharti Airtel, ITC, Infosys, SBI, Maruti and Tata Motors were the top contributors to Sensex. However, Reliance, Sun Pharma, HDFC Bank and M&M put downward pressure on the index. RIL alone saw the index fall by 127 points.
Performance by sector
Nifty Realty rose 2.6%, with Sobha, Prestige and Oberoi Realty leading the gains. Nifty Auto, FMCG, IT, Media and Consumer Durables sectors also posted gains in the range of 0.5% to 0.7%.
global market
Global stocks were positive and rose on the back of a recovery on Wall Street as investors focused on US earnings reports.
crude oil and rupee
Oil prices rose on Tuesday as economic data from Europe showed strength. Investors are also considering the impact of new US sanctions on Iran’s oil exports amid ongoing tensions in the Middle East.
Brent crude oil futures were traded at $87.80 per barrel, and U.S. WTI was traded at $82.61 per barrel. The rupee was flat and closed at 83.3425 against the US dollar.
