Mumbai: It was largely a volatile session for the market on Tuesday. The BSE Sensex bounced back with gains of as much as 177 points following correction of 349 points in previous two sessions. But the bouts of profit booking due to Eurozone concerns and worries over fiscal deficit sent the index, in the second half of trade, closer to previous day’s closing value.
The 30-share BSE benchmark rose 84.38 points to close at 18,793.36, supported by banks, FMCG, steel, pharma and technology stocks. Meanwhile, the 50-share NSE Nifty touched an intraday low of 5,677.90, before closed with gains of 28.60 points at 5,704.60.
Engineering and construction major Larsen & Toubro topped the buying list with 2.4 per cent gains. Private sector lenders ICICI Bank and HDFC moved up over 1 per cent while their rival State Bank of India trimmed gains to 0.5 per cent from 1 per cent. Private power producer Tata Power and cement maker UltraTech Cement rallied over 2 per cent.
Healthcare stocks continued uptrend - Dr Reddy's Labs, Sun Pharma and Cipla were up 1.6-2 per cent. Cigarette major ITC, housing finance company HDFC and software services exporter Infosys rose over 0.6 per cent. Telecom operator Bharti Airtel and state-run power producer NTPC fell over 1 per cent. Power equipment maker BHEL and two-wheeler manufacturer Bajaj Auto declined 0.9 per cent each.
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