Mumbai: Equity market gained in early trade on Tuesday, with the benchmark Sensex surging 222 points as positive cues from Asian and global markets bolstered investor sentiments. BSE Sensex climbed by 222.88 points or 0.37 percent to 60,654.72 while the broader NSE Nifty rose by 56.40 points or 0.32 percent to 17,827.30.
On February 13, Sensex ended 250.86 points or 0.41 percent lower at 60,431.84 points and Nifty dropped by 85.60 points or 0.48 per cent to close at 17,770.90 points. Foreign Portfolio Investors (FPIs) remained net buyers on February 13, purchasing shares worth Rs 1,322.39 crore, data with the BSE showed.
Position of various stocks listed in BSE
Among the 30 Sensex shares, 17 were trading in the positive territory, including Reliance Industries, Infosys, and Tata Consultancy Services.
Performance of markets worldwide
Markets in Japan and Hong Kong were trading in the green while the European as well as the US indices closed with gains on February 13.
While the country’s retail inflation jumped to 6.52 percent in January, investors in India and elsewhere seem to be expecting a moderation in inflation in the US which would also have an impact on the interest rate hike cycle.
Deepak Jasani, Head of Retail Research at HDFC securities, said Asian shares tracked the bounce on Wall Street on Tuesday, as investors remained sanguine that key US economic data due later would show an easing in inflation.
News & Image Source : psuwatch.com
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