- By Aditya Pratap Singh
- Tue, 20 Aug 2024 10:30 AM (IST)
- Source:JND
Stock Market Today: Domestic Benchmark equity indices Sensex and Nifty rose in early trade on Tuesday on the back of positive global cues and continued buying by domestic institutional investors. The 30-share BSE Sensex was trading 338.21 points higher at 80,762.89. The NSE Nifty was up 87.65 points at 24,660.30.
Among the 30 Sensex firms, Tata Consultancy Services, NTPC, IndusInd Bank, Ultratech Cement, Axis Bank, Power Grid, Infosys, and Bajaj Finserv were the major gainers.
Bharti Airtel, JSW Steel, Tata Steel, and Tata Motors were the laggards.
In Asian markets, Seoul and Tokyo were trading in the green while Shanghai and Hong Kong were in the red. U.S. markets closed positive territory on Monday.
According to exchange data, foreign institutional investors sold equities worth Rs 2,667.46 crore on Monday. However, domestic institutional investors (DIIs) bought equities worth Rs 1,802.92 crore.
Brent crude, the global benchmark, was trading at $77.05 a barrel, down 0.79 percent. In volatile trade, the BSE benchmark fell 12.16 points, or 0.02 percent, to 80,424.68 on Monday. The NSE Nifty rose 31.50 points, or 0.13 percent, to 24,572.65.
"Much of the strength and rally at Dalal Street is in the backdrop of steady SIP flows by retail investors. Global factors will be keenly watched as local investors would be eyeing the July FOMC (Federal Open Market Committee) meeting minutes to be released on Wednesday," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
(With PTI's Input)
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