Indian stock market continued gaining momentum on Tuesday as well as the key equity benchmark indices--Sensex and Nifty-- traded in green for the second consecutive day in early trade. Buying in banking sector stocks, an uptick in Reliance Industries shares, and positive global cues are fueling the market momentum today.

In early trade, the 30-share BSE Sensex advanced 120.22 points to 72,535.41 in early trade. The 50-share NSE Nifty was up 47.15 points to 22,603.10.

 The Sensex rose 472.77 points (0.66 per cent) to close at 72,382.47. The Nifty rose 133.80 points (0.60 per cent) to close at 22,555.75.

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Top Gainers And Top Losers 

In the early hours, Trent emerged as a top gainer, surging over 11 per cent from the 30-share Sensex basket. Meanwhile, Kotak Mahindra Bank, Axis Bank, Hindustan Unilever, Reliance Industries and Indigo were also trading higher. 

On the other hand, Tech Mahindra, ITC, Mahindra & Mahindra and Infosys were among the laggards.

"Indian equity markets are expected to remain broadly steady, with easing crude prices providing some support to market sentiment. WTI crude is currently trading around the USD 89–90 per barrel range after oil prices declined amid signs of improving crude shipments from the Middle East," Ponmudi R, CEO of Enrich Money, an online trading and wealth-tech firm, said.

International Market And Brent Crude

Market / Commodity

Details / Performance

Asian Markets

Trading marginally higher in early trade; Nikkei 225 and Hang Seng quoted in positive territory.

Brent Crude

Traded 0.16 per cent higher at USD 100.5 per barrel.

US markets ended higher on Monday

"Positive overnight cues from global equities should support the opening, although the rise in the US 10-year Treasury yield to 5.31 per cent could limit follow-through by keeping foreign flows and emerging-market valuations under pressure," Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a Research Analyst firm, said.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,699.14 crore on Monday, according to exchange data.