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Mumbai: Equity benchmark indices - BSE Sensex and NSE Nifty opened in the green as bulls have been gradually trying to invest in the volatile market.
At 11:19 IST, the S&P BSE Sensex was trading at 57,492.88, up 232.30 points or 0.41 per cent from the previous close. The Nifty50 index was at 17,115.95, up 62 points or 0.36 per cent.
In the early trade on Tuesday, Sensex jumped over 500 points getting fillip from gains in shares of TCS, Infosys and Bajaj Finance.
Trading up by 3.5 per cent, Power Grid was the top Sensex gainer followed by Titan, State Bank of India, and Bajaj Finance. However, Dr Reddy's Labs was the only loser on the index.
In the broader markets, BSE MidCap and SmallCap indices rose 1.6 per cent each. Overall, the volatility index has eased over 6 per cent.
Also, shares of Macrotech Developers (Lodha) rallied 6 per cent to Rs 1,516, hitting a new high on the BSE in Tuesday’s intra-day trade.
The Indian stock market was also up, tacking cues from other Asian share markets which were trading in positive territory as investors became cautiously optimistic the new Omicron variant might not cause a widespread global economic disruption to worsen the COVID-19 pandemic.
On Monday, Foreign institutional investors (FIIs) were net sellers in the capital market and sold shares worth Rs 3,332.21 crore.
In the United States, stock exchanges ended with gains in the overnight session.
As for rupee, the INR recovered 21 paise to 74.86 against the US dollar in opening trade on Tuesday. The rupee rose following positive domestic equities and a weak American currency in the overseas markets.
At the interbank foreign exchange, the rupee opened at 74.91, then surged to 74.86 against the dollar, registering a rise of 21 paise in the early deals.
The rupee on Monday fell 18 paise to close at a five-week low of 75.07 against the US dollar on worries over the new coronavirus variant.