Strong global cues saw the Indian markets gaining for the third straight session on Tuesday.
The BSE Sensex closed up 119.27 points (0.7 per cent) at 17,597, while the NSE Nifty ended the day up 40.6 points (0.8 per cent) at 5,358. In the last three trading sessions, the markets have gained by around three per cent.
It was a ‘smooth ride’ with good volume support for the Indian markets today after a long time, say market analysts.
“Overall it was a positive market for the day. There were good cues from global markets. We see good resistance building up at 5,400 (for the Nifty). Though volumes have been high on a stock-specific level,” said Mr Anand Kuchelan, Vice-President – Research, Padmakshi Financial Services.
Sectors which saw a good run on the bourses were consumer durables, capital goods, oil and gas, metal and banking. Among the Sensex 30 stocks, Hindalco, Sterlite Industries, SBI, L&T and ICICI Bank were the top five performers.