Share Market Today: Indices Trade Higher, Sensex Rally About 200 Points, Tata Motors Up 2 Per Cent

On the Sensex, Tata Motors, TCS, M&M, Reliance, and HCL Tech dominated in green. Meanwhile, Tata Steel, Zomato, Bharti Airtel, HDFC Bank, and IndusInd Bank remained among the laggards

The Oil & Gas and Auto indices drove the gains and climbed 0.65 per cent and 0.57 per cent respectively.

Source : Toppr

The stock markets began trading in green on Tuesday. The benchmark indices inched higher following the strong rally seen in the previous trading session. Around 9:27 AM, the BSE Sensex climbed nearly 50 points to reach 78,588.48 in the session, while the NSE Nifty50 inched up 12.35 points to hit 23,765.80 in the market.

On the Sensex, Tata Motors, TCS, M&M, Reliance, and HCL Tech dominated in green. Meanwhile, Tata Steel, Zomato, Bharti Airtel, HDFC Bank, and IndusInd Bank remained among the laggards.

The broader markets traded majorly in green. The Nifty Microcap 250 index dominated in green and climbed 0.38 per cent in the morning session. On the other hand, the Nifty Midcap 50 index slipped 0.15 per cent.

Sectorally, the markets displayed mixed signals. The Oil & Gas and Auto indices drove the gains and climbed 0.65 per cent and 0.57 per cent respectively. Meanwhile, the Metal and Midsmall Healthcare indices dominated among the laggards and fell 0.51 per cent and 0.48 per cent respectively.

In the last trading session on Monday, the indices settled higher after a strong rally. The Sensex closed the session at 78,540.17, gaining almost 500 points, while the Nifty climbed a little over 150 points to settle at 23,753.45.

The Indian currency depreciated 5 paise to reach a fresh all-time low of 85.16 against the US dollar in early trade on Tuesday, as the American counterpart remained strong and foreign capital continued to outflow.

Forex traders noted that surging dollar demand along with an upward trend in crude oil prices due to the delicate geopolitical situation gave a further push downwards to the domestic currency. On Monday, the Indian rupee settled 7 paise lower at 85.11 against the greenback.

Foreign Institutional Investors (FIIs) dumped Indian equities worth Rs 168.71 crore on Monday, according to official exchange data. The Asian markets saw Shanghai and Hong Kong trading higher while Seoul and Tokyo slipped in the negative territory. Wall Street ended in the positive zone on Monday. The global oil benchmark Brent crude climbed 0.25 per cent to reach $72.81 a barrel.