Market Now: Smallcaps outperform Sensex; GVK Power among top gainers

Market Now: Smallcaps outperform Sensex; GVK Power among top gainers

Market Now: Smallcaps outperform Sensex; GVK Power among top gainers

At 2:24 PM, the BSE Sensex was trading at 35,231, up 23 points, while the Nifty50 index was trading at 10,722, up mere six points.

"Sensex and Nifty traded higher for a second straight session on Tuesday, tracking gains in Asian shares, with a firm positive close from the United States markets", said Dhruv Desai, Director and Chief Operating Officer, Tradebulls.

ICICI Bank had on Monday reported that its net profit for January-March nearly halved to Rs 1,020 crore.

The 30-share benchmark, which had advanced over 200 points in early session on Tuesday, settled 8.18 points or 0.02% higher at 35,216.32.

The Sensex has so far touched a high of 35,061.56 and a low of 34,977.74 points.

Mahindra and Mahindra, ICICI Bank and GAIL were top gainers, while Coal India, Dr Reddy's and Lupin incurred maximum losses. The S&P BSE Small-Cap index inched up 0.10 percent while the mid-cap index shed 0.10 percent.

Sectoral indices, led by bank, healthcare, consumer durables, power, FMCG, capital goods and PSU, were in the positive zone, rising by up to 0.88 per cent. The major losers were IndusInd Bank, Mahindra and Mahindra and Larsen and Toubro.

Asian shares ended mixed despite the strong closing on Wall Street as investors digested last week's trade talks and U.S. jobs numbers.

Global crude oil prices stood near their highest since late 2014, ahead of an announcement by US President Donald Trump on whether he would withdraw from a landmark nuclear deal with Iran, which fuelled concerns about crude supply. The US market ended 0.39 per cent higher yesterday.

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