Sensex ends up 299 pts, Nifty at 8723 ahead of Fed meet

Equity trading tips

Sensex ends up 299 pts, Nifty at 8723 ahead of Fed meet

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The S&P BSE Sensex snapped a two-day decline and closed nearly 300 points higher in a pullback rally on Tuesday led by gains in stocks of capital goods, FMCG and healthcare sectors. In the near term, the market will take cues from the comments of the US Federal Reserve on interest rate hike in

the US.

The 30-share index closed at 28,735.33, up 297.62 points or 1.05 per cent. It touched a high of 28,784.35 and a low of 28,435.45 in trade today.

The Nifty ended at 8,723.30, up 90.15 points or 1.04 per cent. It touched a high of 8,742.55 and a low of 8,630.80 in trade today.

Hindalco (up 5.75 per cent), Sesa Sterlite (up 4.02 per cent), Dr Reddy's Laboratories (up 3.53 per cent), HDFC (up 2.62 per cent) and Axis BankBSE 1.93 % (up 2.58 per cent) were the among the Sensex gainers.

Infosys (1.10 per cent), Coal India (0.78 per cent), Tata Power (0.62 percent), Bharti AirtelBSE -0.60 % (0.60 per cent) and Wipro (0.60 per cent) were among the index losers.

The market breadth was positive on the BSE with 1374 gainers against 1437 losers.