Stock Market Updates: Sensex Gains 500 pts At Open, Nifty Above 17,450; Zee Surges 5%

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Stock Market Updates: Sensex Gains 500 pts At Open, Nifty Above 17,450; Zee Surges 5%


Sensex Today: Strong international cues, falling crude costs, and wholesome home flows buoyed home fairness markets within the northward route on Tuesday. Key indices Nifty50 climbed over 150 factors to commerce above 17,450 ranges and the S&P BSE Sensex surged over 500 factors to commerce at 58,930 ranges.

Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 superior as much as 0.7 per cent.

All sectors began to commerce on a agency notice. Nifty Media, Nifty Auto, and Nifty IT indices gained essentially the most – as much as 2 per cent.

Rupee Opens

The Indian rupee opened 15 paise decrease at 82.20 per greenback on Tuesday in opposition to the earlier shut of 82.35.

Global Cues

Asia shares nudged larger on Tuesday because the dramatic U-turn in British fiscal coverage brightened investor sentiment, whereas the U.S. greenback took a breather at its lowest ranges in additional than every week as a revival in risk-taking lowered its enchantment.

Tokyo shares opened larger Tuesday as buyers took coronary heart from rallies on Wall Street on eased worries over company earnings. The benchmark Nikkei 225 index was up 1.54 per cent, or 413.56 factors, at 27,189.35 in early commerce, whereas the broader Topix index was up 1.29 per cent, or 24.25 factors, at 1,903.81.

US shares kicked off the buying and selling week on Monday with a rally after Britain reversed course on an financial plan, whereas Bank of America was the most recent monetary firm to publish strong quarterly outcomes, which lifted optimism concerning the company earnings season.

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