The 30-share pack Sensex rose 145.43 points or 0.24 per cent to close at 60,967.05. Its broader peer NSE Nifty advanced 10.5 points or 0.06 per cent to 18,125.40. Broader markets continue to bleed.
Markets opened weak on Monday, however, strong support from banking stocks helped to balance the bearish pressure and lifted the indices to trade on a flat note, said Vinod Nair, Head of Research at Geojit Financial Services.
“Improved asset quality and business growth based on key Q2 earnings aided the banking sector to improve the outlook leading to outperformance. Global markets were steady in anticipation of robust quarter earnings in the backdrop of inflation fears and possible tightening of monetary policy in the next policies,” he added.
Market at Glance
- ICICI Bank rose 12 per cent after a strong performance in the Q2FY22.
- IRCTC tanked 13 per cent, shedding over 35 per cent in the last five sessions.
- India VIX, a barometer of volatility and fear, ended with marginal gains.
- Q2 impact: MCX gave up 7 per cent after disappointing numbers.
- Shoppers Stop extends gain, jumps over 13 per cent during the session.
MORE TO COME..
