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Benchmark Indian equity indices, the BSE Sensex and Nifty 50, opened higher on Tuesday, supported by strong global cues.
Sensex Today
Benchmark Indian equity indices, the BSE Sensex and Nifty 50, opened higher on Tuesday, supported by strong global cues.
At the opening bell, the BSE Sensex gained 120 points, or 0.15%, reaching 80,368.96, while the Nifty 50 rose by 33.40 points, or 0.14%, to 24,309.
Global Cues
Asian markets followed the overnight gains on Wall Street and were also trading higher on Tuesday. Australia’s S&P/ASX 200 increased by 0.66%, Japan’s Nikkei 225 rose by 1.7%, and the Topix climbed 1.29%. South Korea’s Kospi was up 1.53%, while the Kosdaq advanced 1.75%.
On the other hand, Hong Kong’s Hang Seng Index dropped by 0.35%, the CSI 300 fell by 0.43%, and the Shanghai Composite was slightly up by 0.03%.
In global markets, stocks in the US and Europe showed mixed results on Monday, with the dollar strengthening against the euro amid political unrest in France and positive economic signals from the US.
French stocks ended mostly unchanged in volatile trading, as politicians planned a no-confidence motion against Prime Minister Michel Barnier, potentially leading to the collapse of the French government this week. While broader European stocks retreated on the news, they still finished the day with a gain of 0.66%.
