On Tuesday, major stock market indicators traded in an upward trajectory, following the positive performance of Asian counterparts. The momentum was fueled by prominent players like Reliance Industries and banking shares.
BSE Sensex opened 0.13 per cent or 99 points higher at 75,489.42 level, while NSE Nifty50 opened 0.26 per cent or 60 points higher at 22,992.30 levels.
On the BSE, Wipro, JSW Steel were the top gainers while Maruti, Tech Mahindra were among the major laggards.
Similarly, on the NSE, Hindalco, Shriram Finance were the top gainers while BPCL, Britannia were among the top losers.
In the broader markets, Nifty Midcap rose 0.35 per cent while SmallCap was trading 0.24 per cent higher.
Sectorally, the Nifty Metal led with nearly 1 per cent gains, followed by Consumer Durables (up 0.40 per cent).
A high possibility is the market getting a clue of the election results earlier than June 4th. This can happen at any time and can trigger a big move in the market.
Global Cues
Asian shares exhibited a mixed tone on Tuesday following a previous session rally, with increasing expectations of a European rate cut boosting risk appetite. Investors awaited key inflation data, which was anticipated to provide further market direction.
South Korea’s Kospi edged up by 0.12 per cent, while the small-cap Kosdaq was up 0.35 per cent. Meanwhile, Australia’s S&P/ASX 200 rose by 0.15 per cent.
Futures for Hong Kong’s Hang Seng index were trading 0.40 per cent higher at 18,902 levels.
Comments
0 comment