Mumbai: Equity benchmarks Sensex and Nifty opened on a choppy note on Tuesday, monitoring weak cues from global markets.
After dropping over 100 factors within the opening session, the 30-share index turned constructive to commerce 64.21 factors or 0.12 per cent increased at 55,646.79, whereas the broader NSE Nifty superior 14.95 factors or 0.09 per cent to 16,578.
Tech Mahindra was the highest gainer within the Sensex pack, rising over 3 per cent, adopted by Asian Paints, Sun Pharma and Nestle India.
On the opposite hand, IndusInd Bank, HDFC Bank, Maruti and ICICI Bank had been among the many laggards.
In the earlier session, Sensex ended 145.29 factors or 0.26 per cent increased at a brand new peak of 55,582.58, and Nifty superior 33.95 factors or 0.21 per cent to a recent excessive of 16,563.05.
Foreign institutional buyers (FIIs) had been web sellers within the capital market as they offloaded shares value Rs 1,088.32 crore on Monday, as per provisional alternate information.
According to V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the market is slowly shifting right into a consolidation section with sturdy help coming from largecaps. The present development of largecap outperformance is prone to proceed within the very brief time period.
“Presently, there are no major global cues that can sway the market trend. But domestic cues like the sustained decline in COVID cases and economic activity returning back to normal are positives,” he famous.
Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul had been buying and selling with losses in mid-session offers, whereas Tokyo was constructive.
Equities within the US largely ended on a constructive note in in a single day commerce.
Meanwhile, worldwide oil benchmark Brent crude rose 0.03 per cent to USD 69.53 per barrel.
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