Stock Market Today: Domestic equity benchmark indices Sensex and Nifty climbed in early trade on Tuesday, aided by a positive trend in global markets as well as buying in blue-chip stocks like HDFC Bank and State Bank of India. The BSE benchmark Sensex climbed 300.98 points to 80,549.06. Nifty, the benchmark of NSE, rose 101.85 points to 24,377.90.

State Bank of India, Adani Ports, JSW Steel, HDFC Bank, Bajaj Finance, IndusInd Bank and JSW Steel were the biggest gainers in the 30-share Sensex pack. ITC, Bharti Airtel, Sun Pharma and Power Grid were the laggards.

Among Asian markets, gains were recorded in Seoul, Tokyo, Shanghai and Hong Kong.

Foreign institutional investors sold shares worth Rs 238.28 crore while domestic institutional investors purchased shares worth Rs 3,588.66 crore on Monday, exchange data showed. Brent crude, the global benchmark, rose 0.13 per cent to $71.92 per barrel.

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The BSE benchmark Sensex climbed 445.29 points, or 0.56 percent, to close at 80,248.08, recovering from early losses on Monday. The Nifty rose 144.95 points, or 0.60 percent, to 24,276.05.

The rupee declined 4 paise to an all-time low of 84.76 against the US dollar on Tuesday, as strength in the American currency in overseas markets and continued foreign portfolio outflows weighed on investor sentiment. On Saturday, newly-elected US President Donald Trump threatened to impose 100 percent tariffs on the BRICS nations if they act to weaken the US dollar.

Besides, market participants are also awaiting cues from the RBI's upcoming monetary policy on December 6, which is likely to focus on balancing inflation and growth. At the interbank foreign exchange, the rupee opened at 84.75 and moved in a narrow range to touch an all-time low of 84.76 against the greenback, showing a decline of 4 paise from its previous close.

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(With Inputs From Agencies)