Stock Market: Sensex and Nifty trading in positive
On Tuesday, the domestic stock markets began its business on a positive note. Notably, the BSE Sensex started at 34,651.82 and the Nifty index of the National Stock Exchange (NSE) at 10,390.30.
As soon as the business for the day began, the 30-share Sensex traded at 34,578.35, up 103.97 points or 0.30 percent, and the broader Nifty at 10,391.55, with a gain of 43.50 points or 0.42 percent.
The top five gainers in the Sensex pack were Yes Bank, Coal India, Hero MotoCorp, HDFC, and Adani Ports. On the NSE, barring auto stocks, all sectoral indices traded in the green. The rupee opened marginally higher against the US dollar, tracking mixed Asian currencies market.
Meanwhile, Asian shares hit 17-month lows as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets. According to news agency Reuters, “MSCI’s broadest index of Asia-Pacific shares outside Japan eased another 0.2 percent after ending Monday at its lowest point since May last year.”
According to NSE’s provisional data, on Monday, foreign portfolio investors (FPIs) and domestic institutional investors sold and purchased net equities of Rs. 1,805.07 crore and Rs. 1,973.97 crore respectively. The Sensex had closed at 34,474.38 and the Nifty at 10,348.05.