Sensex Opening Bell: Stock Market Starts on a Positive Note, Sensex Up 120 Points, Nifty at 24,300
The stock market opened on a positive note on Tuesday. The BSE Sensex rose by 120 points, reaching 80,350, compared to yesterday’s closing. Meanwhile, the NSE Nifty gained 33 points, opening at 24,309. This early surge was driven by buying in blue-chip stocks like HDFC Bank and State Bank of India, alongside a favorable global market trend.
In early trade, the BSE Sensex increased by 300.98 points, reaching 80,549.06, while the NSE Nifty rose by 101.85 points to 24,377.90. Among the 30 Sensex stocks, the biggest gainers were Adani Ports, State Bank of India, HDFC Bank, JSW Steel, IndusInd Bank, Bajaj Finance, and JSW Steel. On the other hand, stocks like ITC, Bharti Airtel, Sun Pharma, and Power Grid were lagging.
Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, were all trading higher. In the US, markets closed mostly in the positive zone on Monday. Foreign institutional investors (FIIs) sold shares worth Rs 238.28 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 3,588.66 crore.
“The market’s resilience is evident in its ability to recover. Strength in heavyweights like Reliance and HDFC Bank helps sustain the market,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The global oil benchmark, Brent crude, rose 0.13% to $71.92 per barrel.
On Monday, the BSE Sensex closed 445.29 points higher, or 0.56%, at 80,248.08, while the Nifty gained 144.95 points, or 0.60%, ending at 24,276.05.
