Stock Market Today: Domestic equity benchmark indices- Sensex and Nifty- were trading in positive territory in early trade on Tuesday amid value buying at lower levels. The stock market experienced a sharp correction in the last five trading sessions. Sensex, the 30-share BSE benchmark, surged 272 points to trade over 74,720 in early trade. While Nifty50, The NSE Nifty was up 47 points to trade over 22,600.

Among the Senex stocks, Mahindra & Mahindra, Adani Ports, Zomato, Bajaj Finance, Bajaj Finserv, and Bharti Airtel were trading in positive territory. Meanwhile, Power Grid, Sun Pharma, Larsen & Toubro, and NTPC were in red.

In the previous five consecutive trading sessions, the BSE index lost 1,542.45 points or 2 per cent, and the Nifty50, the index of top 50 shares on NSE, plunged 406.15 points, or 1.76 per cent.

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The fund outflow by Foreign institutional investors (FIIs) continued during the period, they had offloaded equities worth Rs 6,286.70 crore on Monday, whereas in contract to FIIs, DIIs (Domestic Institutional investors) invested Rs 5,185.65 crore in equities, as per exchange data.

Among Asian markets, all major markets like Seoul, Tokyo, Shanghai and Hong Kong were in negative territory, mirroring the US markets that ended mostly in red on Monday.

Global oil benchmark Brent crude rose 0.51 per cent to $75.16 per barrel. On Monday, the Sensex closed 856.65 points or 1.14 per cent lower at 74,454.41, while the Nifty fell 242.55 points or 1.06 per cent to close at 22,553.35.

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