Stock Market Updates: On Tuesday, the domestic stock markets are seeing rapid trade. Both benchmark indices opened above their psychological level. Today, metal and FMCG are showing sharp gains, while banking stocks have fallen victim to decline.
The Sensex was trading up by 145.19 points or 0.29% at 50,797.09 at 10.43 in the morning. At the same time, the Nifty was at a level of 15,259.25, taking a jump of 61.55 points i.e. 0.40% during this period.
The major stock index Sensex rose over 250 points in early trading on Tuesday, due to positive global cues at the opening and the rise in big stocks like Infosys, Asian Paints and HDFC. During this period, the 30-share BSE index was up 265.07 points or 0.52 percent at 50,916.97 and the broader NSE Nifty was up 86 points or 0.57 percent at 15,283.70.
Asian Paints was the top gainer in the Sensex at over three per cent. Apart from this, M&M, Titan, Bajaj Finserv, Nestle India, NTPC, HUL, ONGC and Infosys were also doing profitable business. On the other hand HDFC Bank, IndusInd Bank, Axis Bank, SBI and Dr. Reddy’s were in the red mark.
The Sensex rose 111.42 points or 0.22 per cent to 50,651.90 in the previous session and the Nifty closed up 22.40 points or 0.15 per cent at 15,197.70. According to provisional data of the stock market, foreign institutional investors (FIIs) bought shares worth Rs 585.36 crore on a gross basis on Monday. In Asian markets, Shanghai, Hong Kong, Seoul and Tokyo were trading in the mid-session.
Meanwhile, international oil benchmark Brent crude was trading up 0.25 percent at $ 68.54 a barrel.
(This news has not been edited by the NDTV team. It has been published directly from the Syndicate feed.)