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| Photo Credit: PAUL NORONHA
Benchmark fairness indices continued their winning momentum for the third day running on Tuesday amid firm global market developments.
Rallying for the third day running, the 30-share BSE Sensex climbed 411.27 factors to 74,059.89 in early trade. The NSE Nifty superior 111.15 factors to 22,447.55.
From the Sensex basket, Bharti Airtel, Titan Company, HCL Technologies, Mahindra & Mahindra, Bajaj Finserv and Tata Motors had been the key gainers.
Power Grid, Larsen & Toubro, JSW Steel and Axis Bank had been among the many laggards.
In Asian markets, Seoul, Tokyo, and Hong Kong had been buying and selling in the optimistic territory whereas Shanghai quoted decrease.
Wall Street ended in optimistic territory on Monday.
Global oil benchmark Brent crude climbed 0.38% to $87.33 a barrel.
“The undercurrent of bullishness of this market has been reinforced by the market action during the last two trading days, which saw Nifty spiking by 486 points from Friday’s lows. External factors like the high bond yields in the US (the 10-year continues above 4.6%) and geopolitical concerns in the Middle East are not impacting the underlying bullish trend,” mentioned V Ok Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Foreign Institutional Investors (FIIs) offloaded equities price ₹2,915.23 crore on Monday after a day’s breather, in accordance to alternate knowledge.
The BSE benchmark climbed 560.29 factors or 0.77% to settle at 73,648.62 on Monday. The NSE Nifty went up by 189.40 factors or 0.86% to 22,336.40.
