Mumbai, March 10: The Indian stock market opened on a positive note on Tuesday, buoyed by strong signals from global markets. The BSE Sensex surged by 809 points, or nearly one percent, reaching 78,375.73, while the NSE Nifty climbed 252 points, also around one percent, to open at 24,280.80.
In the early trading session, consumer durables stocks led the market rally. The Nifty Consumer Durables index emerged as the top gainer, rising over two percent. Other sectors such as auto, PSU banks, real estate, manufacturing, metals, pharma, defense, healthcare, media, commodities, and energy also saw upward movement. Conversely, the IT and oil and gas indices were in the red.
Both mid-cap and small-cap stocks joined large-cap stocks in the green. The Nifty Midcap 100 index rose by 618 points, or 1.10 percent, to reach 56,884, while the Nifty Smallcap 100 index increased by 224 points, or 1.39 percent, to stand at 16,357.
Among the gainers in the Sensex pack were Indigo, UltraTech Cement, Asian Paints, Mahindra & Mahindra, Adani Ports, Titan, Tata Steel, L&T, ICICI Bank, SBI, Maruti Suzuki, Bajaj Finserv, HDFC Bank, HUL, Trent, Kotak Mahindra Bank, BEL, and Sun Pharma. In contrast, Infosys, Tech Mahindra, HCL Tech, Eternal, Power Grid, Bharti Airtel, ITC, Power Grid, and Axis Bank were among the losers.
Most Asian markets also showed positive trends. Markets in Tokyo, Shanghai, Hong Kong, Bangkok, Jakarta, and Seoul opened in the green. The U.S. markets had closed positively on Monday, with the Dow up by 0.50 percent and the technology index Nasdaq rising by 1.38 percent.
Foreign Institutional Investors (FIIs) sold shares worth ₹6,345.57 crore during Monday’s session. Meanwhile, Domestic Institutional Investors (DIIs) invested ₹9,013.80 crore in equities.
Additionally, after a significant rise, crude oil prices have softened. As of the time of writing, WTI crude was down by 6.30 percent at $88.80 per barrel, while Brent crude fell by 6.34 percent to $92.69 per barrel.
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My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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