Share Market Today: Sensex Gains 900 Points; Nifty Over 23,700. All Sectors In The Green

Share Market Today: On the 30-share Sensex platform, M&M, Adani Ports, TechM, Tata Motors, TCS, UltraCemco emerged gainers

Share Market Today: In the broader market, the BSE Midcap and Smallcap indices rose above 1 per cent each.

Source : ABPLIVE AI

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday rebounded sharply in early trade, tracking overnight gains on Wall Street. At 10.35 am, the BSE Sensex jumped 924 points to 78,263. On the other hand, the NSE Nifty50 was trading at 23,728, up 273 points.

Stock update

On the 30-share Sensex platform, M&M, Adani Ports, TechM, Tata Motors, TCS, UltraCemco emerged gainers. On the down side, Bajaj Finserv, HUL, ICICI Bank, and Sun Pharma were among the losers.

In the broader market, the BSE Midcap and Smallcap indices rose above 1 per cent each.

Sectoral update

All sectoral indices are trading positively, with gains of 1-2 per cent in auto, oil & gas, power, realty, telecom, and media stocks.

Meanwhile, the India VIX, often referred to as the fear index, rose by 2.65 per cent, closing at 15.17, indicating increased market volatility.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,403.40 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 2,330.56 crore, according to exchange data.

In the previous session on Monday, the BSE Sensex shed 241 points to end at 77,339, while the NSE Nifty50 settled at 23,453, down 79 points.

Global update

In Asian markets, Seoul, Tokyo, and Hong Kong were trading higher, while Shanghai quoted lower. The US markets ended mostly higher on Monday.

Global oil benchmark Brent crude climbed 0,26 per cent to $73.49 a barrel.

Rupee rises 2 paise

The rupee rose 2 paise to 84.40 against the US dollar in early trade on Tuesday amid a recovery in domestic equity markets and a weaker American currency against major Asian rivals. Forex traders said, however, sustained outflow of foreign funds and an upward movement in crude oil prices put pressure on the local unit and capped its sharp gain.

At the interbank foreign exchange, the rupee opened at 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its previous close. On Monday, the rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the US dollar.