Share market Opening Bell! Nifty, Sensex open in the green; banking and financial stocks lead the surge
The Indian market after the mute show for the last couple of sessions opened in the green, with Nifty above 17,400 and Sensex near 58,500 levels, mainly led by banking and financial stocks.
The Indian market after the mute show for the last couple of sessions opened in the green, with Nifty above 17,400 and Sensex near 58,500 levels, mainly led by banking and financial stocks.
The BSE Sensex gained over 300 points or 0.52 per cent to 58482.6, while Nifty50 grew by 65 points or 0.37 per cent to 17420.3 levels on Tuesday. While in the broader markets, Mid-cap Index followed the suite and opened 160 points or 0.54 per cent higher to 29633.9 levels today.
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Aiding the Nifty Index most, Nifty Bank start Tuesday’s session on positive note, surging over 168 points or 0.46 per cent to 36639.9 levels, led by Kotak Mahindra Bank.
Of 50 scrips on Nifty50, 43 advanced, 07 declined minutes after the market open today. Auto stocks such as Eicher Motors and Tata Motors gained most at the open around 1 per cent, while Bajaj Finance, UPL and Kotak Mahindra Bank also became one of the top gainers at the open today.
On the contrary, UltraTech Cement, Grasim, Hindalco each declined most by over 0.3 per cent, while Shree Cement, Infosys, Power Grid and NTPC declined marginally in otherwise positive open today.
All sectoral indices opened positive on Tuesday, with Nifty Media surging around 4 per cent, followed by Nifty Bank up 0.5 per cent and Nifty Pharma and Metal up near 0.5 per cent. While Nity IT trade flat minutes after the market open today.
On the global front, the US markets on Monday see a pullback as Dow Jones closed higher over 250 points after 5 days of decline, while Nasdaq sees profit booking. Similarly, Asian markets on Tuesday opened with gains as the Japanese 'Nikkei' traded near a 3-month high in the early morning trade.
Foreign Institutional Investors (FIIs), another important trigger to domestic markets, bought shares worth Rs 1419.31 crore in cash and sold Rs 559.59 crore in index futures on Monday.
The Nifty on Monday closed almost flat, as PSU stocks like Coal India, BPCL, and ONGC led the gainers while Reliance and ICICI Bank led the losers.
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