Indian shares ended Tuesday’s session modestly higher despite muted cues from global markets.
A cautious undertone prevailed as investor waited to see if a tentative debt ceiling deal in the U.S. can be implemented by the June 5 deadline.
The odds of a U.S. default currently remain low, but the consequences could be dire.
The benchmark S&P BSE Sensex rose 122.75 points, or 0.20 percent, to 62,969.13 – extending gains for a fourth consecutive session.
The broader NSE Nifty index settled 35.20 points, or 0.19 percent, higher at 18,633.85 led by financials.
The BSE mid-cap and small-cap indexes hit fresh 52-week highs before closing up around 0.2 percent each.
Bajaj Finance, Kotak Mahindra Bank, Bajaj FinServ, HDFC Life and ITC climbed 1-2 percent in the Nifty pack, while Dr Reddy’s Laboratories, Tech Mahindra, Tata Steel, Adani Enterprises and Hindalco all fell over 1 percent.
Market Analysis
Sensex, Nifty Extend Gains For Fourth Day
2023-05-30 10:31:35
