On Tuesday, Indian stock markets, Sensex and Nifty, started the day higher, recovering from previous losses. This rebound was driven by positive global market trends and strong buying interest in major companies like Reliance Industries and HDFC Bank. The Sensex rose by 177.79 points to 83,784.25, while the Nifty gained 51.2 points to 25,568.25
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Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday after falling in the previous trading session, amidst a rally in global markets.
Moreover, buying in blue-chip stocks – Reliance Industries and HDFC Bank – also added to the market's optimism during the initial trade.
The thirty-share BSE Sensex climbed one hundred and seventy-seven decimal seventy-nine points to eighty-three thousand seven hundred and eighty-four decimal twenty-five in early trade. The fifty-share NSE Nifty went up by fifty-one decimal two points to twenty-five thousand five hundred and sixty-eight decimal twenty-five.
From the Sensex firms, Asian Paints, Bharat Electronics, UltraTech Cement, Reliance Industries, HDFC Bank and HCL Tech were among the gainers. However, Trent, Axis Bank, Eternal and Tata Steel were among the laggards.
In Asian markets, South Korea's Kospi and Shanghai's SSE Composite index were trading in the positive territory while Japan's Nikkei two hundred and twenty-five index quoted lower.
The US markets ended higher on Monday.
"With the mother market US setting new record highs, the global equity market mood is positive. West Asian geopolitics is no longer a threat to the global economy or markets. Strong macros of the Indian economy can facilitate increasing fund flows into Indian equity," VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said.
Going forward, the market is likely to be influenced by developments on the tariff front, he added.
Global oil benchmark Brent crude dipped zero decimal twenty-four per cent to USD sixty-seven decimal sixty-one a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rupees eight hundred and thirty-one decimal fifty crore on Monday, according to exchange data.
In the previous trade, the Sensex dropped four hundred and fifty-two decimal forty-four points or zero decimal fifty-four per cent to settle at eighty-three thousand six hundred and six decimal forty-six.
The Nifty declined one hundred and twenty decimal seventy-five points or zero decimal forty-seven per cent to twenty-five thousand five hundred and seventeen decimal zero five.
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