Stock Market: Sensex Rises 227 Points, Nifty Trades Above 18,600 Amid Mixed Cues. Metals, IT Lead

Stock update: HUL was the top gainer, followed by Tata Steel, Titan, Dr Reddy’s, ICICI Bank, and others on the S&P BSE Sensex platform

The BSE MidCap was up 0.14 per cent and the SmallCap index gained 0.4 per cent.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Tuesday opened in the green, tracking mixed global cues.

At 10.15 am, the S&P BSE Sensex rose by 227 points to 62,732, while the broader NSE Nifty by 71 points to 18,634 points.

On the 30-share Sensex platform, HUL was the top gainer, followed by Tata Steel, Titan, Dr Reddy’s, ICICI Bank, and others. On the flip side, PowerGrid was the main loser. L&T, NTPC, Asian Paint, Bajaj Finserv, and others were losing.

#ABPLiveStockMarketWatch | Indian equity benchmarks opened in green on Tuesday

At 10:15 AM, #Sensex rose by 227 points to 62,732 & #Nifty by 71 points to 18,634 points

Here's a look at the stocks in focus:#ABPLive #MarketWatch pic.twitter.com/HqfvSYAnfi

— ABP LIVE (@abplive) November 29, 2022

The broader markets also opened in green. The BSE MidCap was up 0.14 per cent and the SmallCap index gained 0.4 per cent.

Within sectors, Nifty FMCG, Metals, IT, and Pharma indices held stable gains, while Auto index was the sole loser, down 0.3 per cent.

Among stocks, NDTV rose nearly 4 per cent after its promoter RRPR transferred its 99.5 per cent equity to Adani group arm VCPL.

In the previous session on Monday, the BSE Sensex climbed 211 points to settle at 62,505, its fresh record closing high. The broader NSE Nifty gained 50 points to end at 18,563, its record closing high.

The overall market breadth stood positive as out of 30 stocks, 22 were leading while 8 were declining.

Brent crude futures, the global oil benchmark, surged 1.39 per cent to $84.35 per barrel.

Meanwhile, the rupee appreciated 8 paise to 81.60 against the US dollar in early trade on Tuesday as foreign capital inflows and a firm trend in the domestic equity market boosted investor sentiments. Besides, a weak American currency in the overseas market helped the local unit, forex dealers said.

At the interbank foreign exchange, the domestic unit opened strong at 81.58 against the dollar, then inched lower to quote at 81.60, registering a rise of 8 paise over its previous close. In the previous session on Monday, the rupee rose 3 paise to end at 81.68 against the dollar.