Sensex, Nifty opened higher on Tuesday tracking mixed global signals.
Sensex Today: Benchmarks opened higher on Tuesday tracking mixed global signals.
BSE Sensex rose 0.14 per cent or 113 points to 80,073.38 levels while Nifty50 jumped .17 per cent or 43 points to 24,363.10 levels.
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Maruti, ITC were the top gainers while Reliance Industries, Tech Mahindra were the top laggards on BSE.
Similarly, on NSE, Maruti, Britannia were the top gainers while Reliance, Tech Mahindra were the top laggards.
Broader markets were buzzing in trade after hitting record highs on Monday. Nifty SmallCap rose 0.67 per cent while MidCap was trading 0.57 per cent higher.
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“The earnings season is around the corner, and the initial expectation is subdued. With stable input prices and ongoing price cuts, the period of margin expansion appears to be concluding, which is likely to affect earnings and valuations,” said Vinod Nair, Head of Research, Geojit Financial Services.
News Alert | MCX: End-of-day processes for Monday’s trade have been delayed due to some technical issues. Special session to start at 9:45 am, market to open at 10 am today
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Global Cues
Across the Asia-Pacific region, markets showed upward momentum, following gains from Wall Street. Japan’s Nikkei and Korea’s Kospi were up 0.79 per cent and 0.21 per cent respectively, while Australia’s ASX200 saw a rise of 0.60 per cent.
The S&P 500 and Nasdaq Composite concluded Monday’s trading session at new record highs, with slight increases as investors anticipated upcoming inflation figures and earnings reports scheduled for later this week. The S&P 500 closed up 0.1 per cent, while the Nasdaq gained 0.3 per cent. In contrast, the Dow Jones Industrial Average was the underperformer of the day, ending down 0.1 per cent.
