NEW DELHI: Equity benchmark indices surged in early buying and selling on Tuesday, buoyed by a global market rally and contemporary foreign fund inflows. The BSE Sensex rose by 241.68 factors, reaching 81,801.22, whereas the NSE Nifty climbed 78.4 factors to 25,014.80.
Among the highest gainers in the 30-share Sensex pack have been Power Grid, Bharti Airtel, Axis Bank, Tata Steel, NTPC, Sun Pharma, Larsen & Toubro, and Titan.On the draw back, Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, and Kotak Mahindra Bank lagged behind.
In Asia, markets in Seoul, Tokyo, and Hong Kong have been buying and selling greater, whereas Shanghai remained in the crimson. US markets additionally closed with important positive aspects on Monday.
Foreign Institutional Investors (FIIs) bought equities value Rs 1,176.55 crore, whereas Domestic Institutional Investors (DIIs) added Rs 1,757.02 crore to the market on Monday, in response to alternate knowledge.
Meanwhile, global oil benchmark Brent crude edged down by 0.08 p.c to USD 71.78 per barrel.
“An overnight rebound on Wall Street, strong net buying from both FIIs and DIIs, and stable oil prices are likely to encourage bullish traders to continue seeking bargains,” stated Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd.
On Monday, the Sensex rebounded by 375.61 factors or 0.46 p.c to shut at 81,559.54, whereas the Nifty rose 84.25 factors or 0.34 p.c to settle at 24,936.40, snapping a three-day dropping streak.
Among the highest gainers in the 30-share Sensex pack have been Power Grid, Bharti Airtel, Axis Bank, Tata Steel, NTPC, Sun Pharma, Larsen & Toubro, and Titan.On the draw back, Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, and Kotak Mahindra Bank lagged behind.
In Asia, markets in Seoul, Tokyo, and Hong Kong have been buying and selling greater, whereas Shanghai remained in the crimson. US markets additionally closed with important positive aspects on Monday.
Foreign Institutional Investors (FIIs) bought equities value Rs 1,176.55 crore, whereas Domestic Institutional Investors (DIIs) added Rs 1,757.02 crore to the market on Monday, in response to alternate knowledge.
Meanwhile, global oil benchmark Brent crude edged down by 0.08 p.c to USD 71.78 per barrel.
“An overnight rebound on Wall Street, strong net buying from both FIIs and DIIs, and stable oil prices are likely to encourage bullish traders to continue seeking bargains,” stated Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd.
On Monday, the Sensex rebounded by 375.61 factors or 0.46 p.c to shut at 81,559.54, whereas the Nifty rose 84.25 factors or 0.34 p.c to settle at 24,936.40, snapping a three-day dropping streak.
