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Markets shrug off intra-day volatility as Sensex rebounds in late trade to end at fresh closing high

03:54 PM Oct 12, 2021 | FPJ Web Desk

The markets closed higher on October 12 (Tuesday). At close, the Sensex was up 148.53 points or 0.25 perent at 60,284.31. The Nifty was up 46.00 points or 0.26 percent at 17,992.00. About 1m664 shares have advanced, 1m483 shares declined, and 115 shares are unchanged.

Stocks such as Titan Company, Bajaj Auto, Bajaj Finserv, SBI and Hindalco were among the major gainers on the Nifty. HCL Technologies, HDFC Life, Coal India, Tech Mahindra and Shree Cement were among the big losers.

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On the sectoral front, auto, FMCG, metal and PSU Bank indices rose 1-3 percent, while IT index lost nearly 1 percent. BSE Smallcap and Midcap indices ended in the green.

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Gaurav Udani, CEO & Founder, ThincRedBlu Securities, said, "The Nifty closed positive at 18,004, up by 60 points. Nifty traded in a range-bound movement today. Volumes on Nifty were lesser than its average. Nifty has support in 17,850-17,900 range and resistance in 18,050-18,075 range. Traders can consider buy on dips with strict stoploss for targets of 18,050."

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