We had mentioned in Monday’s closing report that Nifty, Sensex were under pressure. The major indices of the Indian stock markets rallied on Tuesday and closed with gains over Monday’s close. On the NSE, there were 1,038 advances, 712 declines and 316 unchanged. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
Slide in global crude oil prices along with expectations of fund infusion into public sector banks and value buying lifted the key domestic equity indices higher on Tuesday. However, broadly negative Asian and European indices capped gains. According to market observers, buying was witnessed in banking, oil and gas, automobile and consumer durables stocks.
Airline major Jet Airways has placed an additional order for 75 jets of Boeing "737 MAX 8" aircraft during the 2018 Farnborough International Airshow. In June, the Mumbai-based carrier took delivery of its first MAX, a "new and improved 737" that delivers a double-digit improvement in fuel efficiency and passenger comfort. Jet Airways shares closed at Rs314.00, up 2.66% on the NSE.
Indian defence PSU Bharat Electronics Ltd (BEL)...