Share Market Today: Sensex, Nifty Open Session In Green, BPCL Shares Up Over 2 Per Cent

On the Nifty, BPCL shares surged 2.66 per cent, while ONGC dominated in red as it declined nearly 1.5 per cent in the morning trading hours

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday began trading on a positive note and inched higher in the morning hours. As of 9:22 AM, the BSE Sensex jumped a little over 200 points and surpassed the 82K mark to trade at 82,177.09, while the NSE Nifty50 gained more than 50 points to trade at 25,184.45

As of 9:31 AM, the indices pared their gains but managed to stay in green. The Sensex stood at 82,154.68, climbing by 182 points, while the Nifty inched higher by 44 points to trade at 25,171.50.

Stock update

On the 30-share Sensex platform, Bharti Airtel, Infosys, Bajaj Finserv, Asian Paint, and ICICI Bank emerged as the early gainers. Meanwhile, Tata Steel, M&M, JSW Steel, Nestle, and Reliance stood among the laggards in the market. 

On the Nifty, BPCL shares surged 2.66 per cent, while ONGC dominated in red as it declined nearly 1.5 per cent in the morning trading hours. In the broader markets, the indices traded in green. The Nifty Smallcap 250 dominated in green and climbed 0.68 per cent, followed by Midcap Select and Smallcap 100 indices.

Sectoral update

Meanwhile, the Nifty Metal and Auto remained the only laggards as the indices slipped 0.81 per cent and 0.27 per cent respectively. The other sectors traded higher, driven by Media and Midsmall Healthcare indices which surged 0.76 per cent each in the morning hours.

In the previous session on Monday, the equity benchmarks ended trading higher after a strong rally. The Sensex settled at 81,973.05, climbing almost 600 points, while the Nifty closed the session at 25,127.95, jumping over 160 points.

Macro Elements

The retail inflation rate soared to hit a nine-month high of 5.49 per cent in September, official data revealed on Monday. The global oil benchmark, Brent crude, declined 2.98 per cent to touch $75.15 per barrel. Asian markets saw Seoul and Tokyo trading higher, however, Shanghai and Hong Kong markets dipped. 

Official exchange data revealed that the foreign institutional investors (FIIs) dumped Indian equities worth Rs 3,731.59 crore on Monday, while the domestic institutional investors (DIIs) infused Rs 2,278.09 crore in equities.