Stock Market: Sensex Crosses 61,000-Mark, Nifty Trades Above 18,100 Amid Positive Cues

Stock update: Dr Reddy's, NTPC, Power Grid, State Bank of India, HDFC Bank, HDFC, Bajaj Finance, and Kotak Mahindra Bank were the major winners on the Sensex platform

In broader markets, Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.3 per cent.

Source : Getty

Sensex and Nifty, the two key equity benchmarks, on Tuesday opened higher and maintained their winning momentum for the fourth day running, aided by a rally in Asian markets and continuous foreign fund inflow.

The BSE Sensex jumped 475 points to 61,222 to reclaim 61,000-mark after a gap of nine months. On similar lines, the broader NSE Nifty was trading at 18,159, up 146 points. 

On the Sensex platform, Dr Reddy's, NTPC, Power Grid, State Bank of India, HDFC Bank, HDFC, Bajaj Finance, and Kotak Mahindra Bank were the major winners. On the flip side, Axis Bank, Larsen & Toubro, Maruti, and Tata Steel were the laggards.

#ABPStockMarketWatch | Indian equity benchmarks opened on a positive note on Tuesday

At 10:00 AM, #Sensex rose by 475 points to 61,222 & #Nifty by 147 points to 18,159

Here's a look at the stocks in focus: pic.twitter.com/og1ghGdXSJ

— ABP LIVE (@abplive) November 1, 2022

In broader markets, Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.3 per cent. Volatility gauge, India VIX, meanwhile, rose over 1 per cent.

All sectors were trading in the green, with Nifty PSU Bank and Nifty Pharma indices rising up to 1 per cent.

In the previous session, the BSE benchmark rallied 786 points (1.31 per cent) to settle at 60,746 on Monday. The Nifty advanced 225 points (1.27 per cent to end at 18,012.20.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong were trading higher. Wall Street had ended lower on Monday.

International oil benchmark Brent crude was trading 0.98 per cent lower at $94.83 per barrel.

Foreign Institutional Investors (FIIs) were buyers on Monday as they bought shares worth Rs 4,178.61 crore, as per exchange data.

Meanwhile, the rupee appreciated 8 paise to 82.73 against the US dollar in early trade on Tuesday on easing crude oil prices and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 82.74 against the dollar, then gained ground to touch 82.73, registering a rise of 7 paise over its previous close.

On Monday, the rupee settled 34 paise lower at 82.81 against the US dollar.