Stock Market: Sensex Rises 746 Points, Nifty Trades At 17,173; Nifty Auto, FMCG Lead
Stock Update: On the Sensex platform, barring Asian Paints, the rest 29 constituents are trading in the positive zone, with M&M leading the pack, up 3.52 per cent. Asian Paints was down 0.27 per cent
New Delhi: The key equity benchmarks, Sensex and Nifty, on Tuesday rebounded sharply in early trade as international market reversed losses and crude oil rates gradually keep on lowering.
At 10 am, the 30-share BSE Sensex jumped 746 points to 57,326, while the broader NSE Nifty was trading at 17,173, up 220 points.
On the Sensex platform, barring Asian Paints, the rest 29 constituents are trading in the positive zone, with M&M leading the pack, up 3.52 per cent. Asian Paints was down 0.27 per cent.
On the Nifty, Hindalco and JSW Steel were the only two trading in the red.
In the broader markets, the BSE Midcap and Smallcap indices were trading in the positive zone. Both the indices were up to 1.4 per cent higher.
Sectorwise, Nifty Auto soared 2 per cent followed by Nifty FMCG and Realty, both up 1.7 and 1.6 per cent, respectively.
In the previous session on Monday, the BSE Sensex plunged 617 points to close at 56,580, while the Nifty moved 218 points lower to close at 16,953.
Elsewhere in Asia, markets in Tokyo, Hong Kong, Seoul, and Shanghai were trading in the green in mid-session deals after settling significantly lower in the previous trade.
On Monday, stocks in the US had also ended day’s trade with gains.
Nasdaq ended sharply higher after Twitter approved to Elon Musk’s offer. The micro-blogging site ended 5.6 per cent higher on news that the Tesla CEO, who is the world's richest person, closed a deal to pay $44 billion cash for Twitter.
Meanwhile, international oil benchmark Brent crude gained 1.26 per cent to $103.61 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) continued their selling spree, offloading shares worth Rs 3,302.85 crore on Monday.
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