Nov 21 2023, 10:24
Sensex 250 points higher amid rally in global stocks:
From Sensex stocks, JSW Steel, Tata Steel, HDFC Bank, Tata Motors, and UltraTech Cement opened higher, while Bajaj Finance, Asian Paints, L&T, HUL, and Indusind Bank opened lower.
Stock Tracking a jump in global stocks, Indian equity indices opened higher on Tuesday, led by index heavyweights HDFC Bank, Reliance Industries and Infosys.
The BSE Sensex was trading 228 points or 0.35% higher at 65,884. Nifty50 was trading at 19,764, up 70 points or 0.36% at around 9.18 am.
JSW Steel, Tata Steel, HDFC Bank, Tata Motors, and UltraTech Cement opened higher, while Bajaj Finance, Asian Paints, L&T, HUL, and IndusInd Bank opened lower.
Among individual stocks, Vascon Engineers rose 8% after the firm received an order worth Rs 357 crore from Pimpri-Chinchwad Municipal Corp for the construction of a general hospital building in Pune.
Oberoi Realty shares also rose over 3% higher after the firm launched a luxury residential project - "Forestville", spread across 18 acres in Thane district of Maharashtra.
Nifty Metal surged 1.3%, and Nifty Realty rose 1.1%. Nifty Bank, Auto, Financial Services, IT, Media, Pharma, and Consumer Durables also opened higher.
Nifty Midcap100 gained 4%, and Nifty Smallcap100 rose 0.4%.
Global Markets:Asian shares climbed to fresh two- month highs on Tuesday, boosted by a rally on Wall Street while the dollar languished near its lowest in two-and-a-half months on expectations the US Federal Reserve is likely done with interest rate hikes.
China's blue-chip CSI300 Index was 0.66% higher, while Hong Kong's Hang Seng Index gained 1.25% as easing U.S.-Sino tensions lifted sentiment.
On Monday, Wall Street's three major stock averages rose with Nasdaq's 1% rally leading the charge as heavyweight Microsoft hit a record high after it hired Sam Altman, who headed OpenAI until he was ousted late last week.
FII/DII Tracker:Foreign institutional investors (FIIS) sold off Indian shares worth Rs 646 crore on Monday, on a net basis, while domestic institutional investors bought shares worth Rs 77.77 crore.
Crude Oil:Oil futures eased on Tuesday, reversing the previous day's rally, as concerns over weaker demand amid a slowing global economy outweighed the prospect of deepening supply cuts by OPEC and its allies such as Russia.
source: et
Nov 22 2023, 08:44