• Source:JND
Add as a preferred

Stock Market: Domestic benchmark indices Sensex and Nifty rebounded sharply in early trade on Tuesday. The S&P BSE Sensex rose 1,092.68 points, or 1.41 percent, to 79,852.08. The NSE Nifty gained 327 points, or 1.38 percent, to 24,382.60.

All the 30 Sensex stocks were trading in the green in early trade.  Tech Mahindra, Tata Motors, HCL Technologies,  HCL Technologies, JSW Steel, and Infosys were the top gainers.

Asian markets also rebounded sharply, with Seoul, Tokyo, Shanghai, and Hong Kong all posting gains. Japan’s benchmark stock index rose more than 10 percent.

Also Read: Ola Electric IPO Fully Subscribed On Day 2 Of Bidding; Retail Section Receives 2.87 Times Bidding

The U.S. market ended sharply lower on Monday. According to exchange data, foreign institutional investors sold equities worth Rs 10,073.75 crore on Monday. Brent crude, the global oil benchmark, rose 1.27 percent to $77.27 a barrel.

It is important to note that the correction in India was relatively mild compared to most other markets. Domestic investors once again came to the rescue of the market, and while FIIs sold for Rs 10,073 crore in the cash market, DIIs bought Rs 9,155 crore, he added.

The S&P BSE Sensex fell 2,222.55 points, or 2.74 percent, to its lowest level since June 4, 2022, at 78,759.40 on Monday, its biggest single-day decline since June 4.

The NSE Nifty fell 662.10 points, or 2.68 percent, to 24,055.60. The index had fallen 824 points, or 3.33 percent, to 23,893.70 earlier in the day. The Nifty had also fallen more than 5 percent after the June 4, 2022, general election results.

Also read: Bharti Airtel Q1 Results: Consolidated Net Profit Jumps 2.5 Times To Rs 4,160 Crore

(With PTI's Input)

Also In News