The two key equity benchmarks, Sensex and Nifty, on Tuesday started trade on a positive note, tracking strong gains in Asian peers. At 9.50 am, the BSE Sensex was up 291 points to 65,804. On the other hand, the NSE Nifty50 was trading at 19,597, up 85 points.
On the 30-share Sensex platform, Tata Motors, M&M, Airtel, Maruti, ICICI Bank, Kotak Bank, ITC were among the lead gainers. On the downside, TCS, Asian Paints, Sun Pharma, HUL, IndusInd Bank, and HDFC Bank emerged early losers.
#ABPStockMarketWatch | Sensex & Nifty on Tuesday started trade on a positive note tracking gains in Asian peers
At 9:39 AM, #Sensex rose by 291 points to 65, 804 & #Nifty by 86 points to 19,598
Here’s a look at the stocks in focus:#ABPLive #MarketWatch pic.twitter.com/AF4CpuDqZ5
— ABP LIVE (@abplive) October 10, 2023
In the broader markets, the BSE Midcap index went up 0.8 per cent, while the Smallcap added 0.9 per cent.
Sectorally, all the indices are trading in the green with auto, realty, and PSU Bank rose 1-2 per cent.
In the previous session on Monday, the S&P BSE Sensex plunged 483 points to close at 65,512, while NSE Nifty50 settled at 19,512, down 141 points.
In Asian market, Nikkei surged over 2 per cent. Hang Seng was up over a per cent. Kospi and Taiwan gained more than 0.5 per cent each. Shanghai, however, was down 0.6 per cent. Overnight, the US market, reversed losses and advanced around 0.5 per cent as two Fed officials hinted that interest rates may remain stable in the near term.
Brent Crude was seen consolidating around the $88-mark.