India Stocks Ended Higher; Nifty 50 up 0.95%

India Stocks Ended Higher; Nifty 50 up 0.95%

On the India National Stock Exchange, falling stocks exceeded advancing ones on the India National Stock Exchange by 1072 to 595 and 63 ended unchanged. On the Bombay Stock Exchange, 1671 were down and 1216 were up, while 185 ended unchanged.

On Tuesday, India stocks were higher after the close. Leading shares higher were gains in the Banking, IT and Carbon sectors.

The Nifty 50 added 0.95%, while the BSE Sensex 30 index added 1.16% at the close in NSE. 

The session’s best performers on the Nifty 50 were SBI Life Insurance Company Ltd. They rose 5.14% or 47.45 points to trade at 971.30 at the close. 

Moreover, Kotak Mahindra Bank Ltd. gained 3.29% or 63.10 points to end at 1978.95. HDFC Bank Ltd added 2.83% or 43.00 points to 1562.50 in late trade.

The session’s worst performers were Bharat Petroleum Corp. Ltd. They fell 4.46% or 20.80 points to trade at 445.90 at the close. 

Tata Steel Ltd fell 4.14% or 30.50 points to end at 706.75. Also, GAIL Ltd dropped 3.31% or 5.10 points to 149.05.

The BSE Sensex 30 top performers were Kotak Mahindra Bank Ltd. They rose 3.17% to 1975.90. 

The HDFC Bank Ltd climbed 3.00% to settle at 1565.00. Tech Mahindra Ltd edged up 2.73% to close at 995.00.

Power Grid Corporation of India Ltd were the worst performers in the session, down 2.11% to 215.65 in late trade.

Oil And Natural Gas Corporation Ltd shed 1.23% to settle at 116.85. NTPC Ltd inched down 1.18% to 109.25 at the close.

On the India National Stock Exchange, falling stocks exceeded advancing ones by 1072 to 595 and 63 ended unchanged. On the Bombay Stock Exchange, 1671 declined and 1216 advanced, while 185 ended unchanged.

SBI Life Insurance Company Ltd shares rose to 52-week highs. That was up 5.14% or 47.45 to 971.30.

The India VIX fell 8.83% to 22.4950.

Global Stocks Recover on Firmer Futures

Meanwhile, on Tuesday, global stocks steadied, buoyed by stronger U.S. equity futures. Moreover, by a decline in U.S. and European bond yields.

In Europe, the Euro STOXX 600 added 0.1% following Monday’s gains that lifted Germany’s index to a record high.

Asia’s trading was volatile with  the Shanghai Composite index falling1.8%. It was close to a correction from a multi-year high on Feb. 18 amid concerns of policy tightening.

In Japan, Nikkei finished 1% higher on consumer goods companies, and

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