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Equity indices break two-day losing streak on value buying
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SME Times News Bureau | 26 Apr, 2022
Breaking a two-day losing streak, Indian equity benchmarks settled
Tuesday's session in the green primarily due to value buying at lower
levels.
Gains were mainly aided by a jump in shares in auto, realty, FMCG and PSU bank space.
"Benchmark
Indices gained one and a half percentage today on expectations of
record GST collections for April even as FII ownership dropped to
multi-year lows at 20 per cent," said S. Ranganathan, Head of Research
at LKP securities.
On Tuesday, Sensex settled at 57,357 points,
up 1.4 per cent or 777 points, whereas Nifty at 17,201 points, up 1.5
per cent or 247 points.
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