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The key equity indices ended with moderate gains on Tuesday. The Nifty settled above the 19,850 mark. Oil & gas, metal and PSU bank shares were in demand while healthcare, pharma and FMCG stocks corrected. As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 204.16 points or 0.31% to 66,174.20. The Nifty 50 index added 95 points or 0.48% to 19,889.70. In the broader market, the S&P BSE Mid-Cap index gained 0.30% while the S&P BSE Small-Cap index advanced 0.06%. The market breadth was positive. On the BSE, 1,992 shares rose and 1,803 shares fell. A total of 177 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 7.45% to 12.18. Buzzing Index: The Nifty Oil & Gas index gained 2.28% to 8,347.25. The index declined 0.22% in the past trading session. Adani Total Gas (up 20%), Hindustan Petroleum Corporation (up 6.96%), Indian Oil Corporation (up 4.64%), Bharat Petroleum Corporation (up 3.36%) and Oil & Natural Gas Corpn (up 2.94%), Gujarat State Petronet (up 1.82%), GAIL (India) (up 0.76%), Gujarat Gas (up 0.59%), Petronet LNG (up 0.51%) and Mahanagar Gas (up 0.48%) advanced. Adani Total Gas (ATGL) hit an upper circuit of 20% at Rs 644.15 after the company announced initiation of green hydrogen production and blending pilot project at Ahmedabad, Gujarat. Stocks in Spotlight: Maruti Suzuki India added 0.29%. The company has planned to increase the prices of its cars in January 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices. While the company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market. Newgen Software Technologies hit an upper circuit of 5% after the company announced that its board has approved to issue 1 bonus equity shares for each share held. The company has set record date as on Friday, 12 January 2024. Netweb Technologies India jumped 8.41% after announcing collaboration with NVIDIA to advance AI and high-performance computing capabilities. Vascon Engineers rallied 4.27%. The company announced that its board will meet on Thursday, 30 November 2023 to consider fund raising by issuing equity shares or any other eligible securities. Multi Commodity Exchange of India (MCX) surged 6.85%, following the announcement of the vacancy for the position of managing director and chief executive officer. The selected candidate will assume the role on 10 May 2024, after the current incumbent's tenure concludes. Jubilant FoodWorks declined 0.22%. The QSR chain operator announced that its wholly owned subsidiary, Jubilant Foodworks Netherlands B.V. (JFN) will buy the remaining shares of DP Eurasia N.V. (DP Eurasia) for 73.35 million euros. Goldiam International rose 0.99% after the company received export orders worth Rs 20 crore for diamond studded gold jewellery. Global Markets: Markets in Europe declined while Asian stocks traded mixed on Tuesday, as investors remained convinced the US Federal Reserve was done with its rate-hike cycle and looked ahead to a crucial inflation report later this week. Investors will focus this week on the Fed's preferred measure of inflation on Thursday and euro zone consumer inflation figures for further clarity on the where inflation is headed. Fed Chair Jerome Powell is due to speak on Friday. His words will be scrutinized by traders to gauge where rates may head. European Central Bank President Christine Lagarde said on Monday the central bank's fight to contain price growth is not yet done, citing a still strong wage growth and an uncertain outlook even as inflation pressures in euro zone ease. US stocks edged lower on Monday, with investors taking a post-Thanksgiving pause as the holiday shopping season kicked into high gear. Powered by Capital Market - Live News
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