Stock Market: Sensex Surges 436 Points, Nifty Above 17,800 Tracking Positive Global Cues

Stock update: Asian Paints, Mahindra & Mahindra, Nestle India, Axis Bank, IndusInd Bank, HDFC Bank, and HDFC were the lead gainers on the BSE

Broader markets, meanwhile, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 1 per cent.

Source : Getty

Sensex and Nifty, the two key equity benchmarks, on Tuesday started trade on a firm note tracking global positive cues. The domestic indices traded higher helped by buying in HDFC twins, foreign fund inflows and falling crude oil prices.

At 10.45 am, the BSE Sensex index was trading 436 points higher at 59,894 during the early trade. Similarly, the broader NSE Nifty climbed 131 points to 17,829.

From the 30-share Sensex pack, Asian Paints, Mahindra & Mahindra, Nestle India, Axis Bank, IndusInd Bank, HDFC Bank, and HDFC were the lead gainers. On the flip side, Bharti Airtel and Tata Steel were the laggards.

Among individual stocks, shares of Mahindra & Mahindra hit 52-week high of Rs 1,298 per share after the auto major launched five new electric SUVs.

The BSE Sensex is trading in positive as out of 30-share constituents, 26 scrips were advancing, while 4 were declining.

Broader markets, meanwhile, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 1 per cent.

Sectorwise, Nifty Auto, Nifty FMCG, and Nifty Realty were the winners. Nifty Metal and Nifty Energy, however, were bogged down in trade.

In the previous session on Friday, the 30-share BSE index had ended 130 points (0.22 per cent) higher at 59,462, while the Nifty had advanced 39 points (0.22 per cent) to 17,698.

Foreign institutional investors (FIIs) were net buyers in the Indian capital market as they purchased shares worth Rs 3,040.46 crore on Friday, according to the latest exchange data.

In Asia, Seoul and Shanghai were trading higher, while Tokyo and Hong Kong quoted lower in mid-session deals. Markets on the Wall Street had ended higher on Monday.

Stock markets were closed on Monday on account of Independence Day.

Meanwhile, the international oil benchmark Brent crude was trading 1.31 per cent lower at $94.25 per barrel.

Foreign institutional investors (FIIs) were net buyers in the Indian capital market as they purchased shares worth Rs 3,040.46 crore on Friday, according to exchange data.