Mumbai: Stock market indexes increased early on Tuesday, following a rise in international markets and new investment from foreign sources. In the initial trading session, the 30-stock BSE Sensex rose by 241.68 points to reach 81,801.22. The NSE Nifty increased by 78.4 points to reach 25,014.80.
The largest gainers among the 30 Sensex companies were Power Grid, Bharti Airtel, Axis Bank, Tata Steel, NTPC, Sun Pharma, Larsen & Toubro, and Titan. Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, and Kotak Mahindra Bank were some of the underperformers. In Asian markets, Seoul, Tokyo, and Hong Kong experienced upward trading movements, whereas Shanghai saw a decrease. Monday saw a notable increase in the US markets at closing.
According to exchange data, Foreign Institutional Investors (FIIs) purchased equities amounting to Rs 1,176.55 crore on Monday. DIIs purchased equities amounting to Rs 1,757.02 crore as well. The global standard for oil, Brent crude, fell by 0.08 pc to reach USD 71.78 per barrel. Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, anticipates that bullish traders will be looking for deals due to an uptick on Wall Street, significant net purchases from both FIIs and DIIs, and low oil prices.
On Monday, the BSE benchmark Sensex bounced back with a gain of 375.61 points or 0.46 percent to close at 81,559.54. After declining for three days, the NSE Nifty increased by 0.34 PC or 84.25 points to close at 24,936.40.
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