Stock Markets open June 8: Sensex, Nifty open at record high levels

The Indian markets continued its gaining streak, both benchmark indices Sensex and Nifty touched its new lifetime high at open on Tuesday amid all the positive triggers, including declining of coronavirus cases and unlocking process in states and union territories.

BSE Sensex opened 100 points higher or 0.21 per cent at 52428.7, while Nifty50 grew by 22 points or 0.14 per cent higher at 15773.9 at open.  

Other important indices such as Nifty Bank opened negative by 9 points to 0.03 per cent at 35433.80 and broader market index Nifty Mid-cap outperformed the market to open by 116 points or 0.43 per cent higher at 26997.7 on Tuesday. 

Of 50 scrips on Nifty50, 20 advanced and 28 declined at open on Tuesday. Bajaj Finance that fell the most yesterday has recovered to become top gainer on Tuesday by surging 0.93 per cent, followed by NTPC soared second-most by 0.90 per cent. 

Tata Consumers grew by 0.63 per cent and Eicher Motors up by 0.51 per cent at open today, while Adani Ports, which gained over five per cent yesterday, also opened strong by 0.44 per cent. 

In a volatile market, five sectoral indices decline at open, of which Nifty Metal fell most by 0.63 per cent and while other six Nifty sectors grew, wherein Nifty IT grew most by 0.89 per cent, led by heavyweights such as Tech Mahindra and Infosys. 

The global markets, especially the US, one of the important triggers to the Indian markets closed mixed on Monday, while Asian Markets traded in the green on Tuesday. Similarly, Foreign Institutional Investors sold shares worth Rs 186.46 crore in cash, bought Rs 983.97 crore in index futures. 

The Nifty on Monday had a superb start to the week as it hit fresh new all-time highs at 15773 and inching towards 16000-mark. Bank Nifty also gained marginally to close up 150 points even as SBI, HDFC and mid-cap PSU banks saw profit booking.