The domestic stock markets– Sensex and Nifty– rallied on Tuesday on the back of favorable domestic and global factors. Sensex ended 464.77 points higher at 36,318.33, while Nifty closed near the 10,900-mark. Shares of Mukesh Ambani-led Reliance Industries ended 3.07% higher at Rs 1,130.10. Yes Bank shares gained by more than 4.5% to hit Rs 203.25 on BSE. Infosys shares rallied by more than 3.8% to Rs close at Rs 728.
Asian shares were on back foot on Tuesday as an unexpected drop in China’s exports heightened worries about the global economy while the British pound braced for a showdown in parliament over the government’s Brexit plan, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat in early trade while Japan’s Nikkei fell 0.7 percent after a market holiday on Monday.
Back home, shares of Wipro will be in focus, even as the IT major is set to consider a bonus issue program on 18th January. IndiGo shares will also be in focus after Credit Suisse has maintained a neutral stance on the shares with a target price of Rs 1,075.