Markets Hold Steady Amid Global Upswing And New Influx Of Foreign Funds

Equity benchmark indices maintained their rally in early trade on Tuesday, fueled by global market trends and fresh foreign fund inflows.

The 30-share BSE Sensex soared 152.31 points to 74,823.59 in morning trade. The NSE Nifty advanced 52.9 points to 22,696.30.

Mahindra & Mahindra, RECL, Trent, Shree Cement, Avenue Supermarts, Hero MotoCorp, Power Finance Corp, and Adani Power were the top gainers.

Among the laggards were IRFC, Colgate Palmolive, Ambuja Cements, HAL, Tech Mahindra, and Tata Steel.

In Asian markets, Tokyo, South Korea, Hong Kong, and Taiwan were trading higher, while Shanghai and Malaysia were trading lower.

US markets concluded with gains on Monday.

Brent crude lost 0.11 percent to USD 88.30 per barrel.

According to the exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 169.09 crore on Monday.

On Monday, The Sensex climbed 941.12 points or 1.28 percent to 74,671.28, while the moved 223.45 points or 1 percent to 22,643.40.

Also read: Markets Recover Sharply As Buying In Bank Equities Reinforces Global Trends