The Indian markets started Tuesday’s session on a positive note as banking and financial stocks aid the market to surge, led by ICICI Bank and Kotak Bank on the back of strong Q1 results. Sensex jumped almost 150 points, while Nifty trading above 15850-level at the market open today. 

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The BSE Sensex soared 143 points or 0.27 per cent to 52,996, while Nifty gained 36 points or 0.23 per cent to 15,860.5 levels at open on Tuesday. The surge was mostly extended in the Nifty was led by Nifty Bank, as it grew around 80 points 0.23 per cent to 35029.3 today at open.   

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In the broader markets category, the mid-cap index following the footsteps of benchmarks grew by 107 points or 0.39 per cent to 27680.8 at open on Tuesday.     

Of 50 scrips on Nifty50, 20 advanced, and 30 declined minutes after the market open today. Metal stocks such as Tata Steel and JSW Steel grew most by 1.3 and 0.75 per cent respectively, followed by Hindalco, L&T and IndusInd Bank by around 1 per cent each at open today.

Nestle India became the top laggard at open today declining by 0.45 per cent, followed by HDFC down 0.43 per cent in the early morning trade today. Similarly, Axis Bank, Bharati Airtel and Wipro also declined marginally minutes after the market open on Tuesday.

All sectors open in the green today, with Nifty Metal and Realty surging most around 1 per cent at the market open. Similarly, the banking and financial stocks are aiding most the Nifty Index to gain today. 

On the global front, the US markets on Monday hit a fresh new all-time high as Dow Jones closes at 35,144 up to over 80 points despite the wall of pessimism overgrowth. While Asian markets on Tuesday opened mixed with the Japanese 'Nikkei' trading higher by over 150 points while the other markets traded flat.

Another important trigger to the domestic market, Foreign Institutional Investors (FIIs) sold shares worth Rs 2376.79 crore in cash and bought Rs 1551.27 crore in index futures on Monday.

The Nifty on Monday had a volatile session with the index closing lower by 30 points despite intraday swings of over 100 points. Bank Nifty also closed lower by just 80 points despite seeing lows of over 470 points.