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Closing Bell: Sensex Settles 193 Points Higher, Nifty Ends Just Above 12,000

The BSE Benchmark Sensex Recovered By 192.84 Points And The NSE Nifty Reclaimed The 12,000 Level On Tuesday As No Fresh Aggressive Moves From The US And Iran Helped Crude Prices Ease.

News Nation Bureau | Edited By : Assem Sharma | Updated on: 07 Jan 2020, 04:18:06 PM
Sensex settles 193 points higher, Nifty ends just above 12,000

Sensex settles 193 points higher, Nifty ends just above 12,000 (Photo Credit: file photo )

New Delhi :

The BSE benchmark Sensex recovered by 192.84 points and the NSE Nifty reclaimed the 12,000 level on Tuesday as no fresh aggressive moves from the US and Iran helped crude prices ease. After rallying 553.51 points during the session, the 30-share BSE index ended 192.84 points, or 0.47 per cent, higher at 40,869.47.

Similarly, the broader Nifty rose 59.90 points, or 0.50 per cent, to finish at 12,052.95. In the Sensex kitty, Ultratech Cement was the top gainer, rising 2.10 per cent, followed by HDFC Bank, Reliance Industries Sun Pharma, NTPC and Asian Paints.

On the other hand, Infosys, ICICI Bank, Bharti Airtel, Nestle India, Hero MotoCorp and PowerGrid ended in the red. According to traders, domestic investors followed global stocks that rebounded after a day of no escalation in the US-Iran tussle.

In the previous session, the 30-share gauge ended at 40,676.63, dropping of 787.98 points, or 1.90 per cent. Similarly, the Nifty closed at 11,993.05, falling by 233.60 points, or 1.91 per cent.

Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 103.84 crore, and domestic institutional investors offloaded shares worth Rs 23.70 crore on Monday, data available with stock exchanges showed.

The Pentagon on Monday distanced itself from US President Donald Trump's assertions that he would bomb Iranian cultural sites despite international prohibitions on such attacks.

Iran's parliament, meanwhile, passed a bill on Tuesday designating all US forces "terrorists" over the killing of a top Iranian military commander in a US strike last week. Brent crude oil futures slipped nearly 0.26 per cent to USD 68.73. The rupee appreciated 10 paise against the US dollar to 71.83 (intra-day).

Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended significantly higher. European markets were also trading on a positive note in early sessions. Investors, however, turned cautious ahead of the release the first advance estimates of the GDP for FY20 scheduled to be released later in the day.

(With inputs from PTI)

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First Published : 07 Jan 2020, 03:39:10 PM