Share Market Opening Bell: Stock market continues to green; Sensex surges, Nifty also crosses 24400

New Delhi| Greenery remained intact in the domestic stock market on Tuesday also. Earlier yesterday, the stock market had opened on the green mark and closed with a positive trend. Even today, Sensex jumped 442.94 points to 80,661.31 points in early trade, while Nifty rose 129.15 points to 24,457.65 points. Similarly, the rupee also rose by 17 paise to 85.06 against the US dollar in early trade.

Earlier, due to sharp rise in shares of Reliance Industries and private banks and foreign capital inflows, the decline in the Indian market had stopped on Monday. On Monday, BSE Sensex had closed above 80,000 points with a gain of 1,006 points. The rupee had closed at 85.03 on Monday with a gain of 38 paise.

Boom due to continuous flow of foreign funds
Equity benchmark indices Sensex and Nifty rose in early trade on Tuesday amid continued inflows of foreign funds and reduced tariff concerns. The 30-share BSE benchmark index jumped 442.94 points to 80,661.31 in early trade. NSE Nifty rose 129.15 points to 24,457.65.

Who benefits and who suffers?
Among Sensex companies, Tata Motors, Reliance Industries, IndusInd Bank, Bharti Airtel, Mahindra & Mahindra and Axis Bank were the biggest gainers. Sun Pharma, Nestle, UltraTech Cement, Power Grid and Bajaj Finance were seen lagging behind. On Monday, foreign institutional investors (FIIs) bought shares worth Rs 2,474.10 crore, according to exchange data.

Condition of Asian and American markets
In Asian markets, South Korea’s Kospi index and Hong Kong’s Hang Seng were trading in positive territory, while the Shanghai SSE composite declined. US markets closed with mostly gains on Monday.