Stock Markets Soar In Early Trade Ahead Of Budget Presentation

Equity benchmark indices soared in early trade on Tuesday, with the Sensex rising over 222 points, ahead of the Union Budget presentation later in the day as investors’ sentiment turned optimistic on foreign fund inflows and a rebound in the US peers.

The 30-share BSE Sensex jumped 222.22 points, or 0.27 percent to 80,724.30. The NSE Nifty moved 59.65 points, or 0.24 percent to 24,568.90.

Adani Green Energy, Adani Power, Adani Total Gas, Torrent Pharma, LIC, Adani Energy Solut., Eicher Motors, L&T, Avenue Supermarkets, UltraTech Cement, ABB India, ITC, and NTPC were the top gainers.

Among the laggards were Vedanta, Shriram Finance, Zomato, United Spirits, ICICI Prudential, ONGC, Havells India, BPCL, Jindal Steel & Power, Zydus, Tata Steel, Hindalco, and Wipro.

In Asian markets, Taiwan, South Korea, Tokyo, and Malaysia were trading in positive territory, while Thailand, Indonesia, Hong Kong, Singapore, and Shanghai were trading in negative territory.

US markets closed higher on Monday.

Stocks of European markets ended in positive territory on Monday.

Brent crude gained 0.02 percent to USD 82.42 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 3,444.06 crore on Monday.

On Monday, the Sensex sank 102.57 points, or 0.12 percent to 80,502.08, while the Nifty dropped 21.65 points, or 0.08 percent to 24,509.25.

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