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Stock Market Updates Today India: Equity benchmark indices climbed in early trade on Tuesday amid buying in IT majors, mainly Tata Consultancy Services and Infosys along with fresh foreign fund inflows.
After a firm beginning, the 30-share BSE Sensex climbed 243.4 points to 71,974.82 in early trade. The Nifty went up by 72.9 points to 21,844.60.
Among the Sensex firms, Tata Consultancy Services, Bharti Airtel, HCL Technologies, Wipro, Maruti, Infosys, Tech Mahindra, Tata Motors, Hindustan Unilever and Mahindra & Mahindra were the major gainers.
Bharti Airtel climbed over 2 per cent after the company on Monday posted 54 per cent jump in consolidated net profit to Rs 2,442.2 crore for the December quarter, mainly on account of growth in high value customers.
Power Grid, NTPC, Axis Bank and JSW Steel were among the laggards.
In Asian markets, Seoul and Tokyo quoted in the negative territory while Shanghai and Hong Kong traded in the green.
The US markets ended lower on Monday.
On February 6, it was anticipated that the Sensex and Nifty indices will commence trading on a negative note, influenced by the GIFT Nifty trends, suggesting a lower start for the broader index with a decline of 31.50 points.
During a volatile session on February 5, the Indian equity benchmarks were unable to sustain their initial gains, concluding lower. Investors remained on the lookout for cues on interest rate cuts and the inflation trajectory from the RBI meet outcome.
Monday Closing
Benchmark Sensex fell back by 354 points on Monday due to selling in index major Reliance Industries, Bharti Airtel and Maruti amid weak trends from Asian and European markets.
The 30-share BSE Sensex declined by 354.21 points or 0.49 per cent to settle at 71,731.42 on fag-end selling.
During the day, it hit a high of 72,385.93 and a low of 71,602.14.
The Nifty fell by 82.10 points or 0.38 per cent to close at 21,771.70. Sensex and Nifty has gained around 0.7 per cent in the previous session.
After a flat opening, benchmark indices moved in a narrow range before a sharp fall in the final hour. FMCG, telecom, financials and IT shares were on the back while pharma, auto and energy shares advanced.
Among the Sensex firms, Bajaj Finance, Bharti Airtel, Maruti, Bajaj Finserv, HCL Technologies, Titan, Hindustan Unilever, JSW Steel, UltraTech Cement, State Bank of India and Reliance Industries were the major laggards.
Tata Motors jumped nearly 6 per cent after the company on Friday reported a two-fold jump in net profit at Rs 7,100 crore for the December quarter.
Sun Pharma, Power Grid, Mahindra and Mahindra, Tata Steel, NTPC and Tata Consultancy Services were the other gainers.
In Asian markets, Tokyo settled in the green while Seoul, Shanghai and Hong Kong ended lower.
European markets were quoting marginally lower. The US markets ended in positive territory on Friday.
Global oil benchmark Brent crude declined 0.53 per cent to USD 76.92 a barrel.
Foreign institutional investors (FIIs) bought equities worth Rs 70.69 crore on Friday, according to exchange data.
The BSE benchmark climbed 440.33 points or 0.61 per cent to settle at 72,085.63 on Friday.
The Nifty went up by 156.35 points or 0.72 per cent to 21,853.80.
(With PTI inputs)
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