Top 5 stocks of the day: Bharat Dynamics, Cochin Shipyard, Tata Communications, Polycabindia and Future Consumer are the biggest gainers today. On Tuesday, Indian equities rose, powered by gains in heavily weighted banking and auto stocks, following a rise in their Asian counterparts as expectations for a stimulus package from China increased risk appetite. Financial shares increased by 0.5%, and auto shares increased by more than 1%, making gains in 12 out of the 13 major sectoral indices.
Top 5 gainers & losers on NSE in today's trade
Bharat Dynamics
1231.60
151.15(13.99)
Cochin Shipyard
647.30
64.70(11.11)
Tata Communications
1638.40
106.10(6.92)
POLYCABINDIA
3774.80
228.10(6.43)
Future Consumer
0.90
0.05(5.88)
Navin Fluorine International
4269.05
-193.70(-4.34)
National Highways Infra Trust
114.50
-4.95(-4.14)
Tega Industries
1006.45
-36.05(-3.46)
Cera Sanitaryware
7269.25
-246.00(-3.27)
Sonata Software
956.20
-31.50(-3.19)
Top 5 stocks of the day: European shares gain on hopes of end to Fed rate hikes
On Tuesday, European stocks increased as investors bet that the U.S. Federal Reserve was nearing the end of its cycle of interest rate increases. Investor mood was also lifted by China's regulatory initiatives to support its battered real estate sector.
By 07:07 GMT, the pan-European STOXX 600 was up 0.5%, with mining and industrial stocks—two industries with exposure to China—giving the index its biggest boosts. China extended several of the policies from a November rescue package to support the real estate sector through the end of 2024 on Monday.
Tokyo's key Nikkei index inches up
Tuesday saw a little increase in Tokyo's benchmark Nikkei index, ending a five-day losing streak, while Wall Street also increased before crucial inflation data. The more inclusive Topix index decreased by 0.31 percent, or 6.93 points, to 2,236.40, while the benchmark Nikkei 225 index increased by 0.04 percent, or 13.84 points, to 32,203.57.
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