Mumbai, March 17: The Indian stock market opened in positive territory on Tuesday, buoyed by strong global signals. During the initial trading session, the Sensex rose by 323.83 points or 0.43%, reaching 75,826.68, while the Nifty gained 84.40 points or 0.36%, climbing to 23,493.20.
In early trading, the surge was led by metal and defense stocks. The Nifty Metal and Nifty Defense indices emerged as the top gainers. Other sectors, including commodities, energy, pharma, manufacturing, and infrastructure, also traded in the green. Conversely, IT, PSU banks, oil and gas, auto, FMCG, services, and real estate sectors were in the red.
Among the gainers in the Sensex pack were Eternal, BEL, Asian Paints, Bharti Airtel, Tata Steel, Indigo, Sun Pharma, Maruti Suzuki, ICICI Bank, NTPC, Tata Steel, M&M, Power Grid, and Axis Bank. On the losing side were Infosys, HCL Tech, Titan, Ultratech Cement, Trent, TCS, HUL, HDFC Bank, ITC, SBI, and Bajaj Finserv.
The midcap and small-cap segments also witnessed gains alongside large caps. The Nifty Midcap 100 index rose by 48 points or 0.08%, reaching 54,663, while the Nifty Smallcap 100 index increased by 12 points or 0.08%, climbing to 15,822.
Overall market strength persisted. As of the time of writing, 51.48% of shares on the Bombay Stock Exchange (BSE) were trading in the green, 43.78% in the red, and 4.74% unchanged.
Asian markets displayed mixed trading. Tokyo, Hong Kong, Bangkok, Seoul, and Jakarta were in positive territory, while only the Shanghai market was in the red. The U.S. markets closed in the green on Monday, with the Dow up by 0.83% and the technology index Nasdaq rising by 1.22%.
Foreign investors continued to sell off. Foreign institutional investors (FIIs) sold shares worth ₹9,365.52 crore on Monday, while domestic institutional investors (DIIs) invested ₹12,593.36 crore in equities.
–
Leave a Comment