The Indian equity benchmark indices closed higher after a volatile trading session led by IT and pharma stocks.

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The Sensex closed 235 points higher at 55,817 and the Nifty50 index moved over 58 points higher to close at 16,621 for the day. The broader market indices closed mixed today, with midcaps surging 0.34 percent and small-caps declining 0.25 percent.

Tata Consumer was the top Nifty50 gainer on Tuesday, rising nearly 4 percent. It was followed closely by Tech Mahindra, Wipro, Hindustan Unilever, and Infosys, with each scrip rising over 2-3 percent. Among losers, JSW Steel, Adani Ports, Coal India, Tata Motors, and UPL were the top losers, each scrip lost between 1.5 to 2 percent.

Of the Nifty's sectoral gauges, Nifty Metals led the selling spree; the index was down 2 percent, dragged by Vedanta. Vedanta plunged 10 percent after Hind Zinc defers its board meet scheduled for dividend. Nifty PSU Bank also closed almost 2 percent lower. All the financial indices on Nifty ended the day in the red.

However, Nifty IT surged nearly 3 percent, followed by the healthcare and FMCG index that rose over 1.5 percent each. Nifty Pharma, Consumer Durables, and Auto indices also ended the day in the red. Market breadth favours declines with the advance-decline ratio at 1:2 -- for every one stock that rose, 2 declined.

(Edited by : Yashi Gupta)

First Published:Aug 17, 2021 3:34 PM IST