Top 5 stocks of the day: The top gainers from the Sensex pack included Tata Consultancy Services, NTPC, Hindustan Unilever, HDFC Bank, HCL Technologies, Reliance Industries, UltraTech Cement, and Larsen & Toubro.
Those who lagged behind included State Bank of India, IndusInd Bank, Bajaj Finserv, Wipro, Tata Steel, and Bajaj Finance.
Sensex and NSE Nifty50
On Tuesday, purchasing in index heavyweights Reliance Industries and the HDFC twins contributed to the Sensex and Nifty’s over 1% gain. The benchmark 30-share BSE Sensex increased by 562.75 points, or 0.94 percent, to close at 60,655.72. It increased by 611.51 points or 1% throughout the day to reach 60,704.48. To finish at 18,053.30, the larger NSE Nifty gained 158.45 points, or 0.89 percent.
Top 5 stocks of the day: Bond yields tad higher
Tuesday saw a third straight day of moderately higher Indian government bond yields as attitude shifted to caution due to worries about another year of heavy borrowing.
The benchmark 10-year yield closed the day at 7.3335% after closing the previous day at a higher level of 7.3283%.
These stocks gain the most in an exciting day for D-Street bulls
| IIFL Finance Ltd | 500.85 | +28.45(6.02) |
| Redington Ltd | 188.65 | +8.70(4.83) |
| ADANIGREEN | 2168.40 | +78.60(3.76) |
| Radico Khaitan | 1101.00 | +31.35(2.93) |
| Adani Power | 280.00 | +7.05(2.58) |
| Jyothy Labs | 202.65 | +5.45(2.76) |
| Aegis Logistics | 365.30 | +9.10(2.55) |
| Hindustan Unilever | 2662.60 | +65.50(2.52) |
| MRPL | 59.25 | +1.45(2.51) |
| Larsen & Toubro | 2189.85 | +52.65(2.46) |
European shares slip as China data rekindles economic worries
Following China’s announcement of its weakest annual economic growth in over 50 years, which increased investors’ concerns about an impending economic slowdown, European equities fell on Tuesday, taking a break from their rapid advance since the year’s beginning. After reaching its highest point in nine months the previous session, the pan-European STOXX 600 was down 0.3% as of 09:25 GMT. Chinese economic growth in 2022 shrank as the fourth quarter was severely impacted by strict COVID-19 curbs and a slump in the real estate market, increasing pressure on policymakers to introduce more stimulus this year. As a result, Asian shares and U.S. futures fell.
Top 5 stocks of the day: Asian bonds in 2022 saw first foreign outflows in six years
In 2022, bonds issued outside of China experienced net foreign outflows for the first time in six years as global central banks aggressively raised interest rates to curb inflationary pressures.
Data from regulatory and bond market groups revealed that foreign investors sold a net $4.89 billion worth of bonds in India, Indonesia, Malaysia, South Korea, and Thailand, marking their first net outflow since 2016.
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