• 11/08/2022 8:41 pm

#Market Movers: YES Bank, IBRealty hit upper circuits; sell signals in 11 stocks

Riding on strong global cues amid sustained inflows from foreign institutional investors, NSE benchmark Nifty extended its gains into the sixth straight session on Tuesday.

The 30-share Sensex pack advanced 224 points to 38,407, extending its rally into the fourth straight session. Nifty settled 52 points up at 11,322.

Metals, banking, oil and gas and energy stocks were most sought, as investors sold telecom and healthcare names.

“The rally was in sync with positive global cues, on the back of expected stimulus from the US, improving economic data points from China and the first coronavirus vaccine getting registered in Russia,” said Vinod Nair, Head of Research, Geojit Financial Services.

Overseas investors have poured in more than Rs 10,000 crore in the domestic equity market in August so far, data available with depository NSDL showed.

Here is a lowdown on what happened in Tuesday’s session:

Stocks that hit upper circuits

Over 400 stocks on BSE hit the upper limit set by the exchange. They included Indiabulls Real Estate, YES Bank NSE 4.73 %, Reliance Infra, Welspun India, Welspun Corporation, Lemon Tree and GE T&D, among others.

 

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