Sensex, Nifty Recover From Day's Low To End Strong; TCS & Wipro Rally Over 3.5%

Indian share markets recouped early losses during closing hours and ended today's volatile session higher, helped by gains in metals and banking stocks.

Benchmark indices witnessed volatile trading activity and swung between gains and losses amid mixed cues from global peers and a record surge in Covid-19 cases.

At the closing bell, the BSE Sensex stood higher by 260 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 77 points (up 0.5%).

In early trade today, the Sensex tumbled over 450 points while the Nifty fell as much as 150 points tracking losses in index heavyweights Infosys and Maruti Suzuki.

TCS and ICICI Bank were among the top gainers today.

Maruti Suzuki and Infosys, on the other hand, were among the top losers today.

The SGX Nifty was trading at 14,688, up by 147 points, at the time of writing.

Both, the BSE Mid Cap index and the BSE Small Cap index ended on a flat note.

Sectoral indices ended on a mixed note with stocks in the metal sector and banking sector witnessing most of the buying interest.

Automobile stocks and realty stocks, on the other hand, witnessed selling pressure.

Shares of Linde India and Balrampur Chini hit their respective 52-week highs today.

Asian share markets ended on a mixed note today. The Hang Seng ended down by 0.4% while the Shanghai Composite stood lower by 0.5%. The Nikkei ended on a flat note.

US stock futures are trading higher today indicating a positive opening for Wall Street indices. Dow futures are trading up by 0.4% while Nasdaq futures are trading higher by 0.6%.

The rupee is trading at 74.93 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.4% at Rs 46,809 per 10 grams.

Talking about the stock markets and the ongoing volatility in Indian stocks, have a look at the two charts below, in the order, they have been placed:

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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