The Indian market opened with gains on the second trading day of the week i.e. Tuesday. Equity benchmark indices Sensex and Nifty continued their gains for the third consecutive session on Tuesday, driven by positive trends in Asian markets and continued inflow of foreign funds. Analysts say investor sentiment is being boosted by strength in US markets and optimism over the interim trade framework between New Delhi and Washington. The rupee fell 11 paise to 90.77 against the US dollar in early trade.
The 30-share BSE Sensex rose 247.01 points or 0.29 per cent to 84,312.76 in early trade. Meanwhile, the 50-share NSE Nifty rose 80.25 points or 0.31 percent to 25,947.55.
Condition of Sensex companies
Among the Sensex stocks, Eternal, Titan, Axis Bank, NTPC, Tata Consultancy Services, Sun Pharmaceuticals, PowerGrid, Maruti Suzuki India, Mahindra & Mahindra, Larsen & Toubro, Bharat Electronics Limited, Reliance Industries, Bharti Airtel and Tata Steel were the gainers. On the other hand, Bajaj Finance, HCL Technologies, Asian Paints, Indigo, State Bank of India and HDFC Bank were among the laggards.
There was a rise in Asian markets
In Asian markets, Japan’s Nikkei 225 index, Hong Kong’s Hang Seng and South Korea’s Kospi index were trading higher, while Shanghai’s SSE Composite index remained steady. The US stock market witnessed a rise in overnight trading on Monday.
Japanese Prime Minister Takaichi’s victory shows positive impact on the market
Devarsh Vakil, Head of Prime Research, HDFC Securities, said global stock markets rose on Monday amid optimism over Japanese Prime Minister Sanae Takaichi’s resounding election win and a recovery in tech stocks, while the dollar declined amid reports that China advised financial institutions to limit exposure to US bonds.
He further said that investors are now waiting for January employment data to be released on Wednesday and CPI inflation data to be released on Friday. These data will provide important guidance on the Federal Reserve’s interest rate policy for the remainder of 2026.
The price of Brent crude fell to US $ 68.85 per barrel.
Global oil benchmark Brent crude fell 0.28 percent to US$68.85 per barrel. Meanwhile, foreign institutional investors bought shares worth Rs 2,254.64 crore on Monday, according to exchange data. On Monday, the 30-share BSE Sensex closed 485.35 points higher at 84,065.75, while the 50-share NSE Nifty closed 173.60 points higher at 25,867.30.
