Stock Market Opening Bell: Sensex Jumps 131.47 Points, Nifty Above 12,210

The Indian stock market opened on a positive note on the very first day of 2020. On Wednesday, in the early trade, equity benchmark BSE Sensex traded 150 points higher. After rising 164 points, the 30-share BSE index trading 131.47 points or 0.32 per cent higher at 41,385.21. Also, the broader NSE Nifty rose 46.75 points or 0.38 per cent to 12,215.20.

Reliance Industries, L&T, IndusInd Bank, Bharti Airtel, Tata Steel, and Axis Bank were the top gainers in the Sensex pack. On the other hand, the top losers were NTPC, TCS, and Nestle India.

Brent futures, the global oil benchmark, slipped 0.96 per cent to USD 66.03 per barrel. Meanwhile, the rupee appreciated 5 paise to 71.30 against the US dollar in the morning session.

According to a report of PTI, on a net basis, foreign institutional investors sold equities worth Rs 1,265.10 crore, while domestic institutional investors purchased shares worth Rs 585.07 crore on Tuesday, data available with stock exchanges showed.

On Tuesday, the 30-share gauge tumbled 304.26 points, or 0.73 per cent, to 41,253.74. The Nifty too closed 87.40 points, or 0.71 per cent, lower at 12,168.45.

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Bourses in Shanghai, Hong Kong, Tokyo and Seoul remained closed, while those on Wall Street ended on a positive note on Tuesday.