Sensex Zooms Over 650 Points, Nifty Regains 17,200, IT, Auto Stocks In Focus

Shares of Go Fashion recorded a solid listing on the exchanges on Tuesday, debuting at 91 per cent premium on the BSE

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New Delhi: The Indian equity benchmarks — Sensex and Nifty — advanced in early trade on Tuesday, riding on positive global momentum.

At 10 am, the BSE Sensex was up 677 points at 57,983, while the NSE Nifty was trading 17,255, 201 points higher. 

All the sectoral indices are trading in the green, with IT, auto, bank, oil & gas, power and realty indices up 1-3 per cent. BSE midcap and smallcap indices up 1 per cent each. While the

Asian share markets were also trading in positive territory, as investors became cautiously optimistic the new Omicron variant might not cause a widespread global economic disruption to worsen the coronavirus pandemic. 

Shares of Go Fashion recorded a solid listing on the exchanges on Tuesday, debuting at 91 per cent premium on the BSE. The shares listed at Rs 1,316 per share compared with the issue price Rs 690. On the NSE, the shares debuted at Rs 1,310 apiece.

Power Grid was the top Sensex gainer, up 3.5 per cent, followed by Titan, State Bank of India, and Bajaj Finance. 
Dr Reddy and Hindustan Unilever were the only two stocks to be trading with losses. Bank Nifty was up 0.8 per cent, while India VIX was down more than 5 per cent. 

However, individually, shares of Reliance Capital hit 5 per cent lower circuit after the Reserve Bank of India (RBI) on Monday superseded the board of industrialist Anil Ambani-promoted firm, owing to defaults and governance issues. 

The overall market breadth was extremely positive as 2,138 shares were advancing while 518 were declining on the BSE. Buying was visible across the board as all the 15 sector gauges compiled by the NSE were trading higher led by the Nifty IT index almost 2 per cent gain.

Nifty Bank, Auto, Financial Services, Media, PSU Bank, Realty, Consumer Durables and Oil & Gas indices also rose between 0.7 per cent and 3.5 per cent.