The domestic benchmark indices opened marginally up on Tuesday amid positive global cues, as buying was seen in the auto, PSU bank and financial services sectors in the early trade.
At around 9.34 am, Sensex was trading 134.87 points or 0.17 per cent up at 79,543.37 while the Nifty added 37.65 points or 0.16 per cent at 24,163.20.
Nifty Bank was up 78.85 points or 0.14 per cent at 55,383.35. The Nifty Midcap 100 index was trading at 54,273.90 after adding 299.45 points or 0.55 per cent. Nifty Smallcap 100 index was at 16,851.45 after climbing 78.10 points or 0.47 per cent.
According to market watchers, Nifty is now back to March’s high of 23,870 which can be an important resistance level in the near term.
"If the Nifty index fails to break and sustain above 23870 then it can see some correction or sideways consolidation in the near term. On the way down, 20 HMA at 23460 will be an important support level in case of a correction or pullback. However, if the Nifty index breaks and sustains above 23870 then 24250 – 24500 will be the upside levels to watch out for, " said Vikram Kasat, Head - Advisory, PL Capital.
Meanwhile, in the Sensex pack, Eternal, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Bajaj Finance and Hindustan Unilever Limited were the top gainers. Whereas, IndusInd Bank, Infosys, Power Grid, Asian Paints, HCL Tech were the top losers.
In the last trading session, Dow Jones in the US declined 2.48 per cent to close at 38,170.41. The S&P 500 declined 2.36 per cent to 5,158.20 and the Nasdaq declined 2.55 per cent to close at 15,870.90.
In the Asian markets, Japan, Hong Kong and Bangkok were trading in red. Whereas Jakarta, Seoul and China were trading in green
"Despite global markets trading on a negative note, continued buying by Foreign Institutional Investors (FIIs) added confidence to the domestic outlook," said Hardik Matalia, Derivative Analyst of Choice Broking
The foreign institutional investors (FIIs) bought equities worth Rs 1,970.17 crore on April 21. Meanwhile, domestic institutional investors (DIIs) purchased equities of Rs 246.59 crore on the same day.
Indian stock market opens in red as Israel-Iran tensions rise
The Indian benchmark indices opened sharply lower on Friday as tensions escalated between Israel and Iran. Heaving selling was seen in the auto, IT, Financial service and PSU Bank sectors in the early trade.
Stock market ends in green, Bank Nifty hits new all-time high of 57,000
The Indian stock markets closed in the green on the first trading day of the week, as Bank Nifty hit a new all-time high of 57,000 on Monday, reflecting strong sentiment and momentum in the banking sector.
World’s largest container ship MSC IRINA arrives at Adani’s Vizhinjam International Seaport
In a historic feat, the world’s largest container ship MSC IRINA arrived at Adani Group's Vizhinjam International Seaport on Monday, which will be berthed till Tuesday.
Indian stock market opens in green, IT and PSU banks lead
The Indian benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU banks and auto sectors in the early trade.
India now has 1.76 lakh registered startups, 118 unicorns: FM Sitharaman
The number of registered startups has reached 1.76 lakh in the last 11 years, with 118 unicorns (startups with $1 billion valuation and above), thus fueling youth entrepreneurship, Finance Minister Nirmala Sitharaman said on Friday.
Adani Ports secures Rs 5,000 crore via 15-year non convertible debenture
Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD).
Indian stock market ends in green over positive global cues
The Indian stock market closed in green on Thursday amid positive global cues. Sensex closed 320.70 points or 0.39 per cent up at 81,633.02 while Nifty ended up 81.15 points or 0.33 per cent at 24,833.60.
Total telephone subscribers in India increase to 1,203.84 million in April
The number of total telephone subscribers in India increased from 1,200.80 million at the end of March to 1,203.84 million in April, a monthly growth rate of 0.25 per cent, the government’s telecom subscription data showed on Thursday.