Stock Market

The Sensex and Nifty rose

The Sensex and Nifty rose for a second successive session on Tuesday as expectations of good earnings lifted industry heavyweights like Infosys Ltd and HDFC Bank. The 30-share BSE Sensex closed higher by 100.62 points, or 0.31%, to 32,607.34, whereas the NSE Nifty rose 22.85 points, or 0.22%, to close at 10,207.70. Stellar buying in Oil & Gas, Power, and Utilities sector help indices keep up positive gains.

Asian Paints, NTPC, ONGC, Zee Entertainment and SBI Bank are among the gainers, while Infosys, HCL, Tata Motors, Indusland Bank and YES Bank, have ended on a negative note on NSE.

Asian Paints surged 4.76% after consolidated net profit jumped 8% to Rs 508.42 crore on 13.7% rise in revenue from operations to Rs. 4,274.18 crore in Q2 Sept 2017 Y-O-Y.

Shares of power production companies gained for the second consecutive day. JSW Energy rose 1.23%, Torrent Power surge 0.13%, NTPC up 2.92%, Power Grid Corporation up 1.18%, Reliance Infrastructure gains 2.31% and Reliance Power rose 0.38%.