April 25, 2024 14:55 (IST)
Indian market post moderate gains on Tuesday
Mumbai, Jun 28 (IBNS): The Indian market ended Tuesday on a moderately gaining note, with Sensex up 121.59 points to 26524.55 and Nifty up 33.15 points to 8127.85, largely due to firm global cues and the news that the monsoon is progressing well.
India's rural economy is majorly dependent on the monsoon.
Short-covering ahead of June derivatives expiry on Thursday also helped the market sentiment, media reported.
The positive sentiment was also an indication that the Indian market, on Tuesday, had managed to shed some of its concerns surround Brexit and its impact on the global economy.
Featuring among the top gainers were Lupin, HUL, ITC, M&M, Cipla and Bharti Airtel while Tata Motors, Hero Motocorp, Wipro, Sun Pharma, TCS, NTPC and Adani Ports were some of the top losers on Tuesday.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Credit card spending grows 27% YoY to Rs 18.26 trillion in FY24: RBI Thu, Apr 25 2024
Mahindra Tractors crosses milestone by selling 40 lakh tractor units Thu, Apr 25 2024
DishTV India expects to touch 30 percent market share at the end of current financial year, says CEO Manoj Dobhal Thu, Apr 25 2024
DCB Bank Q4FY24: PAT grows YoY 9% to Rs 156 cr Wed, Apr 24 2024
NSE launches Derivatives on the Nifty Next 50 Index today Wed, Apr 24 2024
JPMorgan CEO praises PM Modi for doing 'unbelievable' job in India Wed, Apr 24 2024