Share Market Today: Sensex Gains 490 Points; Nifty Above 24,400. Adani Ports Jump 4%

Share Market Today: On the 30-share Sensex platform, Adani Ports, SBI, HDFC Bank, IndusInd Bank, Axis Bank, HCLTech emerged gainers

Among the sectors, the FMCG index declined by 1 per cent, while the media, metal, PSU bank, and realty indices each gained 1 per cent.

Source : ABPLIVE AI

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday are trading higher, tracking firm global trends. At 10.45 am, the BSE Sensex jumped 493 points to 80,740. On the other hand, the NSE Nifty50 was trading at 24,407, up 131 points.

Stock update

On the 30-share Sensex platform, Adani Ports, SBI, HDFC Bank, IndusInd Bank, Axis Bank, HCLTech emerged gainers. On the down side, ITC, Airtel, Sun Pharma, Kotak Bank, ICICI Bank, M&M are among the losers.

Sectoral update

Among the sectors, the FMCG index declined by 1 per cent, while the media, metal, PSU bank, and realty indices each gained 1 per cent.

"The underlying resilience of the market is evident in its ability to bounce back. The strength in market heavyweights like Reliance and HDFC Bank can impart resilience to the market," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Global trends

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading higher. US markets ended mostly in the positive territory on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 238.28 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 3,588.66 crore, according to exchange data.

Global oil benchmark Brent crude climbed 0.13 per cent to $71.92 a barrel.

Rupee at an all-time low

The rupee fell 4 paise to all-time low of 84.76 against the US dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments.

Forex traders said the depreciation in rupee was largely on the back of Donald Trump's rhetoric on BRICs currency, political instability in the Eurozone, weaker domestic macroeconomic indicators and unabated foreign portfolio outflows.

At the interbank foreign exchange, the rupee opened at 84.75 and moved in a tight range and touched all-time low of 84.76 against the greenback, registering a fall of 4 paise over its previous close. On Monday, the rupee depreciated 12 paise to close at an all-time low of 84.72 against the US dollar.