Auto, Oil & Gas, Power, Realty, Telecom, Media are trading up 1-2 percent.
The stock market, which is facing a continuous decline, has made a positive start on Tuesday. The stock market has made a strong opening. At 9.27 am, the benchmark Sensex of Bombay Stock Exchange (BSE) was trading at the level of 77,888.60 with a strong gain of 543.14 points. Similarly, Nifty of National Stock Exchange (NSE) was also trading at the level of 23625.90 with a gain of 172.1 points. At the beginning of trading, all sectoral indices are trading in the green.
Top gainer and top loser
During trading, Auto, Oil & Gas, Power, Realty, Telecom, Media are trading up by 1-2 percent. Trent, BPCL, Infosys, NTPC and Adani Ports were major gainers on the Nifty, while Dr Reddy’s Labs, Shriram Finance, SBI Life Insurance, Asian Paints and JSW Steel were among the laggards.
Asian market condition today
Asian shares rose on Tuesday, while US bond yields and the dollar retreated from multi-month highs. Tech stocks rose as Wall Street rebounded from last week’s steep losses, although Nvidia’s upcoming earnings on Wednesday limited scope for major changes. According to CME FedWatch, markets have reduced bets for a quarter-point interest rate cut at the Fed’s next meeting in December to less than 59%, up from 62% a day earlier and 65% a week earlier.
Japan’s Nikkei rose 0.2% by 0129 GMT, while South Korea’s Kospi gained 0.1% and Australia’s equity benchmark added 0.1%. Hong Kong’s Hang Seng rose 0.8% and mainland blue chips added 0.3%. U.S. S&P 500 futures saw a slight decline, but the decline came after the cash index rose 0.4% overnight.
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