Sensex Opening Bell: Flat start in the market after two days of strength; Sensex rises 73 points, Nifty crosses 22850
New Delhi| Due to the strong trend in Asian stock markets and fresh foreign capital inflows, trading in the stock markets started on a positive trend. However, selling in blue-chip IT stocks put some pressure on the market as benchmark indices became volatile later in trading.
The 30-share BSE Sensex climbed 172.43 points to 75,473.69 in early trade. Whereas NSE Nifty rose by 54 points to reach 22,888.30 points.
Later, the BSE benchmark index was trading 49.35 points higher at 75,350.61 and the Nifty was trading 35.45 points higher at 22,867.65.
Among the Sensex stocks, Zomato, Tata Steel, NTPC, IndusInd Bank, Bajaj Finance, State Bank of India, Adani Ports and Bharti Airtel were the major gainers. However, Tata Consultancy Services, Infosys, HCL Tech, Tech Mahindra and Sun Pharma lagged behind.
In Asian markets, Seoul, Tokyo and Hong Kong were trading in a positive range, while Shanghai recorded a decline. American markets closed in negative territory.
Foreign institutional investors (FIIs) bought shares worth Rs 694.57 crore on Tuesday, according to exchange data. Domestic institutional investors (DIIs) also bought shares worth Rs 2,534.75 crore. Brent crude, the global oil standard, fell 0.30 percent to $70.35 a barrel. On Tuesday, the Sensex had closed at 75,301.26, up 1,131.31 points, or 1.53 percent. Nifty had closed at 22,834.30, up 325.55 points or 1.45 percent.
