Stock Market Update: Sensex Opens In Green, Nifty Above 18,500 Level
Stock Update: On the 30-share Sensex platform, IndusInd Bank, Bajaj Finance, Mahindra & Mahindra, Axis Bank, HCL Tech, and Bajaj Finserv were trading higher.
Stock markets opened on a positive note on Tuesday as the 30-share BSE Sensex was trading 139.4 points or 0.33 per cent higher at 62,269.97 and the Nifty rose 31.60 points or 0.17 per cent to 18,528.75. The market sentiments were high over the data showing domestic retail inflation for November eased below the RBI's tolerance band.
On the 30-share Sensex platform, IndusInd Bank, Bajaj Finance, Mahindra & Mahindra, Axis Bank, HCL Tech, and Bajaj Finserv were gaining. On the flip side, Asian Paints, Sun Pharma, Bharti Airtel, Titan, Kotak Mahindra Bank, and L&T were among the losers.
In the broader markets, the BSE MidCap and SmallCap indices were up 0.10 per cent and 0.43 per cent respectively.
ALSO READ: Retail Inflation Declines To 11-Month Low Of 5.88% In November: Govt Data
On Monday, Sensex closed at 62,131 shedding 51 points, while Nifty gained 0.55 points to end at 18,497.
As per the data released by the National Statistical Office (NSO) on Monday, the consumer price index (CPI) based inflation declined for the second consecutive month to 5.88 per cent in November.
Elsewhere in Asia, the markets were off to a mixed start on Tuesday, with MSCI Asia ex Japan rising 0.11 per cent. Wall Street equities advanced overnight over investors' optimistic stance on the pace of increases in interest rates. the U.S. inflation data is due today at 7:00 p.m. IST and the Federal Reserve's rate decision is scheduled to release later this week.
Brent crude futures, the global oil benchmark, advanced 1.23 per cent to $78.95 per barrel.
Meanwhile, the rupee depreciated 20 paise to 82.71 against the US dollar in early trade on Tuesday. At the interbank foreign exchange, the domestic unit opened weak at 82.63 against the dollar, then lost further ground to 82.71, registering a decline of 20 paise over its previous close.
Foreign Institutional Investors (FIIs) remained net sellers in the capital markets on Monday as they offloaded shares worth Rs 138.81 crore, according to exchange data.
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