Stock Market Today: Despite the struggle in West Asia, domestic stock markets rose, Sensex-Nifty opened on the green mark.
Mumbai. In the domestic stock markets, Sensex and Nifty registered a rise in early trading on Tuesday. There has been positivity in the markets as Brent crude oil prices remained below $100 per barrel. Besides, the news of the second round of talks between America and Iran also supported the markets as the hopes of resolving the conflict in West Asia remained intact.
BSE Sensex rose 445.82 points to 78,966.12 points in early trade while NSE Nifty rose 121.15 points to 24,486 points. Among the 30 companies included in the Sensex, shares of Axis Bank, InterGlobe Aviation, Adani Ports, NTPC, ICICI Bank and HDFC Bank were the most profitable.
Whereas shares of Infosys, Tech Mahindra, Tata Consultancy Services and UltraTech Cement declined. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 and Hong Kong’s Hang Seng were on the rise, while China’s SSE Composite was in the decline. US markets closed with a slight decline on Monday. The price of international standard Brent crude fell by 0.51 percent to $ 94.99 per barrel. On Monday, the Sensex closed with a marginal gain of 0.03 percent and the Nifty closed with a gain of 0.05 percent.
Except IT, indices of all sectors are in the green. The realty sector index is currently up by more than one and a half percent. Banking, finance, auto, metals, FMCG, consumer durables and chemicals groups also witnessed good gains. Among Sensex companies, shares of Axis Bank, Adani Ports and ICICI Bank are up by more than one percent. Shares of NTPC, Tata Steel, HDFC Bank, L&T, Bajaj Finance, Asian Paints and Trent also remain strong. Shares of Infosys, UltraTech Cement and TCS appear to be under pressure.
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