Sensex, Nifty extend gains for second day on global cues
The overall market capitalisation of BSE-listed firms rose to over Rs 470 lakh crore from Rs 466.6 lakh crore in the previous session.
The overall market capitalisation of BSE-listed firms rose to over Rs 470 lakh crore from Rs 466.6 lakh crore in the previous session.
At the close, the Sensex was up 90.83 points or 0.11% at 83,697.29, while the Nifty rose 24.75 points or 0.10% to end at 25,541.80.
Foreign investors have infused Rs 17,425 crore in equity markets last week, data from the depositories said.
Over the past eightsessions, Nifty has retraced only 61 per cent of preceding seven sessions, highlighting a robust price structure.
Key indices of the domestic equities market opened flat on Tuesday morning, tracking mixed global cues. Auto and IT stocks were up in the morning trade. Heavyweight Reliance was up 0.26 per cent as well.
"Asian markets rose shrugging off concerns about China regulatory actions and Delta strain spread. In India, Bank stocks are up, while Realty stocks have come under profit taking." said Deepak Jasani, head of Retail Research at HDFC Securities
The BSE Sensex traded at 52,868.36 points, at 10.15 am, higher by 281.52 points or 0.54 per cent from its previous close
BSE Sensex traded at 52,756.55 points, at 10.30 a.m., lower by 383.51 points or 0.72 per cent from its previous close
Tech Mahindra, HCL Technologies and Sun Pharmaceutical Industries were the top gainers on the Sensex
A sell-off in the global markets was triggered as US reported strong job data, which faded hopes of an aggressive rate cut by the Federal Reserve.
