stock market: The historic boom in the market continued on the second trading day of the week. The 30-share BSE Sensex was up 395.57 points at 66,985.50 in early trade. Whereas, the NSE Nifty climbed 99.8 points to reach 19,811.25. Good signals have started coming from the stock market since Tuesday morning. GIFT Nifty Open with green mark. Now it is trading at 19800. Its mixed effect will be seen in the Asian markets. While Japan’s Nikkei is doing business with strength. On the other hand, Korea’s Kospi and China’s Shanghai market are in the red mark. Meanwhile, softness is being seen in the American market. There was a huge jump in India on the first trading day of the week. Tomorrow BSE The Sensex closed up 529 points at 66,589.
There was a special boom in banking stocks
Major stock indices Sensex and Nifty touched new all-time highs in early trade on Tuesday amid fresh buying by foreign funds. During this, buying was seen especially in banking stocks. NSE Nifty climbed 99.8 points to reach 19,811.25. In the Sensex stocks, IndusInd Bank, Axis Bank, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, Maruti and Asian Paints gained significantly.
On the other hand, Bharti Airtel, Tech Mahindra, Titan, UltraTech Cement, TCS and Tata Steel were in the red. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 73 crore on a net basis on Monday. Global oil benchmark Brent crude was up 0.38 per cent at USD 78.80 per barrel. The Sensex on Monday closed at 66,589.93, up 529.03 points or 0.80 per cent, while the Nifty closed at a record high of 19,711.45, up 146.95 points or 0.75 per cent.
Rupee limited against US dollar
The rupee was trading in a narrow range against the dollar in early trade on Tuesday due to a rise in the domestic equity markets and weakness in the US dollar overseas. The rupee opened at 82.01 at the Interbank Foreign Exchange market, and then fell to 82.06, showing a decline of 3 paise over its previous closing price. The rupee had closed at 82.03 against the US dollar on Monday. Meanwhile, the dollar index, which shows the position of the US dollar against a basket of six major currencies, fell 0.09 percent to 99.74. Global oil benchmark Brent crude futures were up 0.31 per cent at US $ 78.74 per barrel.