Sensex gains nearly 400 points, Nifty settles at 17,800

The Nifty50 increased by almost 0.70% to end above 17,800 on the back of rising global indicators and falling oil prices, while the Sensex gained about 400 points.

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The benchmark Nifty50 and Sensex both closed Tuesday’s trading session higher by more than 5%, extending the Indian market’s winning streak to six straight sessions. The wholesale price-based inflation (WPI), which was reduced to 13.93% in July due to declining prices for manufactured goods and food items, caused a rise in the barometer indices. Inflation measured by the Wholesale Price Index was 15.18% last month and reached a record high of 15.88% in May. In July of the prior year, it was 11.57 percent.

The Nifty50 increased by almost 0.70% to end above 17,800 on the back of rising global indicators and falling oil prices, while the Sensex gained about 400 points.

In the final trade, Nifty Midcap increased by about 1.5%, and Small Cap increased by around 1%, outperforming the benchmarks.

Nifty Realty, FMCG, and Financial Services saw the largest sector gains on Tuesday, while PSU Bank and Media were the only losers.

Some of the top gainers included HDFC Ltd, Adani Ports, Eicher Motors, BPCL, Maruti, Mahindra & Mahindra, Asian Paints, Hindustan Unilever, and Ultratech Cements.

In an otherwise upbeat market, Grasim, Hindalco, JSW Steel, Bharti Airtel, State Bank of India, TCS, and Bajaj Finance were among the few stocks that fell.