Mumbai, June 16: The Indian stock market opened on a positive note during Tuesday’s trading session. At 9:26 AM, the Sensex rose by 265 points, or 0.35%, reaching 76,529, while the Nifty gained 70 points, or 0.30%, to stand at 23,920.
The market displayed broad-based gains in early trading, with significant upticks in mid-cap and small-cap stocks. The Nifty Midcap 100 index climbed by 238 points, or 0.39%, to 61,788, and the Nifty Smallcap 100 index increased by 113 points, or 0.62%, to 18,513.
Consumer and IT stocks led the market rally. The Nifty Consumer Durables, Nifty IT, Nifty FMCG, Nifty Media, Nifty Realty, Nifty Infra, Nifty Financial Services, Nifty Services, and Nifty Energy sectors were all in the green. Conversely, the Nifty Metal and Nifty Commodities sectors were in the red.
Among the gainers in the Sensex pack were HCL Tech, Bajaj Finance, Bajaj Finserv, HUL, Tech Mahindra, L&T, TCS, HDFC Bank, Titan, Bharti Airtel, Infosys, NTPC, ICICI Bank, Asian Paints, and Adani Ports. On the losing side were Axis Bank, Tata Steel, Power Grid, BEL, UltraTech Cement, Sun Pharma, and Trent.
Asian markets showed mixed performances. Tokyo, Shanghai, Seoul, and Jakarta opened in the green, while Hong Kong and Bangkok were in the red. The US stock market closed strongly on Monday.
Crude oil prices remained weak. As of the time of writing, WTI crude futures were down by 0.15% at $80.63 per barrel, while Brent crude fell by 0.31% to $82.91 per barrel.
Additionally, the Indian rupee strengthened against the dollar, trading at 94.396, up by 0.31 paise from the previous closing of 94.71.
Leave a Comment