AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

Indian shares ended slightly higher on uesday, driven by gains in Dr. Reddy's Laboratories Ltd and State Bank of India (SBI) following their quarterly results. The broader NSE index closed 0.19 percent higher at 10,536.70, while the benchmark BSE index edged up 0.1 percent to 34,651.24. Both the indexes snapped five straight sessions of decline.
SBI closed 3.9 percent higher and was the biggest boost on both the indexes. The Nifty PSU bank Index ended 3.3 percent higher. Dr. Reddy's rose 6.2 percent and was the top percentage gainer on both the indexes.
"What we are seeing is a bounce from oversold levels. What is not evident, if you look at the index, is the amount of carnage that has happened in the mid-caps, small-caps and even the large-caps," said Sunil Sharma, chief investment officer at Sanctum Wealth Management, adding that Monday's was a knee-jerk reaction to the Karnataka election news.
"Today is the realisation that it is not all bad from a market perspective. Also, corporate earnings are providing support to market," he added. Maruti Suzuki India Ltd gained 0.9 percent while Bajaj Auto Ltd, up 3 percent, was among the top percentage gainer on both the indexes.
Petronet LNG Ltd rose as much as 2.8 percent after posting an 11 percent rise in quarterly profit on Monday. Ahead of the results, shares in State Bank of India fell 0.9 percent, while Cipla slipped 0.3 percent.
Meanwhile, oil marketing companies such as Hindustan Petroleum Corp Ltd (HPCL) and Indian Oil Corp Ltd (IOC), which are also expected to report results later in the day, fell as much as 3.07 percent and 2.5 percent, respectively, as oil prices hovered near multi-year highs. Real estate developer DLF Ltd's shares fell to their lowest in over 6 months after posting a 38 percent plunge in fourth-quarter revenue from operations.

Copyright Reuters, 2018

Comments

Comments are closed.