Sensex jumps by 573.28 points in opening session, Nifty above 8,400 (Photo Credit: File Photo - PTI Image)
The Indian stock market opened on a positive note on Tuesday, tracking the gains in global markets. After hitting a high of 29,316.80, the equity benchmark BSE Sensex trading 505.20 points or 1.78 per cent higher at 28,945.52. Also, the NSE Nifty rose 199.85 points, or 2.41 per cent, to 8,480.95. The early gains in the share market are credited to heavyweights including Reliance Industries, HDFC twins and Infosys amid the recovery in global equities.
Top gainers in the Sensex pack included Tata Steel, HDFC, Axis Bank, M&M, Reliance Industries, ONGC, ITC, HCL Tech, and Titan, among others. Whereas, the top laggards were IndusInd Bank, Bajaj Finance, Bajaj Auto, and Maruti.
On the other hand, bourses in Shanghai were trading on a positive note. Stocks in Hong Kong, Tokyo and Seoul were also trading significantly higher. Benchmark exchanges on Wall Street rallied over 3 per cent in overnight trade.
In the meantime, the Indian rupee appreciated 10 paise to 75.48 against the US dollar in morning trade. Brent crude futures, the global oil benchmark, rose 2.16 per cent to USD 26.99 per barrel.
In the previous session i.e on Monday, the 30-share BSE barometer ended 1,375.27 points or 4.61 per cent lower at 28,440.32, and the broader Nifty fell 379.15 points, or 4.38 per cent, to close at 8,281.10.
(With PTI Inputs)