• Source:JND
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Stock Market Today: After four days of sharp declines, the domestic benchmark indices Sensex and Nifty rebounded in early trade on Tuesday. Price buying at low levels and mainly due to firm Asian markets. The 30-share BSE benchmark Sensex rose 449.48 points to 76,779.49. The NSE Nifty rose 141.25 points to 23,227.20. The BSE Sensex fell 1,869.1 points or 2.39 per cent in the previous four trading sessions.

NTPC, IndusInd Bank, Tata Motors, Zomato, Bajaj Finance, and Adani Ports were among the stocks trading in green from the 30-share Sensex pack. Meanwhile, HCL Technologies fell more than 9 per cent as its December quarter earnings failed to excite investors. Tech Mahindra, Hindustan Unilever,  Infosys, Tata Consultancy Services and Nestlé trail the list of companies with 30 stocks.

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On Monday, IT major HCL Tech said that its adjusted net profit for the December quarter rose 5.54 per cent to Rs 4,591 crore. This was revealed as the CEO expressed confidence that demand conditions and discretionary spending would improve, and raised revenue growth guidance.

In Asian markets, Shanghai, Hong Kong and Seoul, traded in positive territory, with Tokyo quoted at a lower price.

Foreign institutional investors offloaded shares worth Rs 4,892.84 crore on Monday, according to exchange data. Brent crude, the global benchmark, fell 0.33 per cent to US$80.74 a barrel.

The BSE's 30-share benchmark Sensex fell 1,048.90 points, or 1.36 per cent, to 76,330.01 on Monday, falling for the fourth consecutive session. The Nifty closed down 345.55 points, or 1.47 per cent, at 23,085.95.

The rupee has recovered from an all-time low

The stock rose 21 paise to 86.49 paise in early trade on Tuesday as the US currency retreated and crude oil prices fell. The rupee on Monday recorded its biggest one-day decline in nearly two years, ending 66 paise lower at an all-time low of 86.70 against the US dollar.

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(With Inputs From PTI)