Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

MARKET WRAP: Sensex Gains 131 Pts, Nifty Ends At 10,802; Banks, Pharma Rise

Summary

The S&P BSE Sensex gained 131 points or 0.36 per cent to settle at 35,981 with Sun Pharma (up 4 per cent) being the top gainer and Kotak Mahindra Bank.

The domestic equity market ended in the positive territory for the third straight day on Tuesday, aided by supportive global cues and buying in heavyweights such as ICICI Bank, SBI, Axis Bank and Sun Pharma. The S&P BSE Sensex gained 131 points or 0.36 per cent to settle at 35,981 with Sun Pharma (up 4 per cent) being the top gainer and Kotak Mahindra Bank (down over 1 per cent) the worst performer.

The broader Nifty50 index of National Stock Exchange (NSE) reclaimed the crucial 10,800 level to end at 10,802, up 30 points or 0.28 per cent with 24 components advancing and 26 declining.

In the broader market, the S&P BSE Midcap index ended at 15,127, down 25 points or 0.16 per cent, while the S&P BSE SmallCap index signed off the day 24 points or 0.17 per cent higher at 14,625.BUZZING STOCKS

Shares of ICICI Bank ended at a record high of Rs 381.60 apiece on BSE, up 3.46 per cent. The stock surpassed its previous high of Rs 375.25 touched on November 16, 2018.