Stock market extends winning steak; PSU bank at new high
Sensex closed 487 points, or 0.66%, higher at 74,339.44 while the Nifty closed the day with a gain of 168 points, or 0.75%, at 22,570.35 on the monthly F&O expiry day.
As investors took inspiration from the key indices of American and European equities, domestic markets opened higher on Tuesday morning. On Tuesday morning, trade conditions on other Asian markets were uneven.
S&P BSE Sensex increased by 317.49 points to 60,883.9, while NSE’s widely-traded Nifty 50 increased by 106.50 points to 18,121.50.
On the BSE, Dalmia Sugars, Indian Overseas Bank, Union Bank of India, and Suzlon Energy were some of the most active companies, while Morepen, J and K Bank, Ajanta Pharma, and Astro Micro lagged behind during the morning.
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Tata Motors, Hindalco, ONGC, JSW Steel, and Tata Steel were among the Nifty 50’s gainers during the morning trade, while Sun Pharma, Cipla, and Dr. Reddy were among the losers.
Tuesday’s opening rate for the Indian rupee was slightly lower than the previous close of 82.65, at 82.70 against the dollar.
On Tuesday morning, the Nikkei of Japan gained 137 points, the Hang Seng of Hong Kong lost 86 points, and the Shanghai Composite of China gained 17 points.
In European markets, the FTSE gained more than 3 points, the CAC was up, and the Deutsche Borse gained 26 points.
When the Asian markets opened on Tuesday morning, the Dow Jones was up 176 points, the Nasdaq was up 21 points, and the S&P was up 22 points.
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