Share Market Today: Indices Attempt Recovery, Sensex Over 78,300, Nifty Crosses 23,750

The 30-share Sensex platform also saw major recovery. Titan, Reliance Industries, Asian Paint, Adani Ports, and ICICI Bank remained among the gainers.

This sentiment in the market was seen after a sharp plunge seen in the markets on Monday driven by FPI selling, HMPV scare, and dampened investors’ confidence.

Source : ABPLIVE AI

The stock markets began trading on a positive sentiment on Tuesday after the indices crashed in the previous trading session. The key equity benchmarks, Sensex and Nifty, tried to recover their losses and rallied ahead as trading hours started. Around 9:20 AM, the BSE Sensex climbed more than 300 points and traded at 78,300, while the NSE Nifty50 gained almost 150 points to touch 23,760. 

However, as markets progressed, the indices pared their gains slightly but managed to trade in green. Around 10:41 AM, the Sensex jumped 282 points to trade near the 78,250 mark and the Nifty inched up more than 100 points to reach 23,730.60 in the session.

The 30-share Sensex platform also saw major recovery. Titan, Reliance Industries, Asian Paint, Adani Ports, and ICICI Bank remained among the gainers. On the other hand, the major laggards for the session so far included Zomato, TCS, HCL Tech, Tech M, and HDFC Bank.

This sentiment in the market was seen after a sharp plunge seen in the markets on Monday driven by FPI selling, HMPV scare, and dampened investors’ confidence.

The broader markets traded entirely in green, with the Nifty Microcap 250 leading the gains at 1.60 per cent, followed by the Smallcap 250 index trading 0.98 per cent higher. 

Sector-wise, the Nifty Oil & Gas and Midsmall Heatlhcare indices rallied 1.99 per cent and 1.29 per cent respectively.

Foreign Institutional Investors (FIIs) offloaded Indian equities worth Rs 2,575.06 crore on Monday, according to exchange data. In Asian markets, Seoul and Tokyo traded on a high note, while Shanghai, and Hong Kong remained in the red. The US markets ended in positive territory on Monday. The global oil benchmark Brent crude slipped 0.14 per cent to hit $76.19 per barrel.

The Indian rupee depreciated 7 paise to 85.75 against the US dollar in early trade on Tuesday, weighed down by a robust US dollar and consistent outflow of foreign funds. This fall was however helped by the recovery seen in the domestic equity markets and receding crude oil prices abroad, forex traders noted. In the last session on Monday, the domestic currency settled 11 paise higher at 85.68 against the greenback.