Mumbai: After dwindling over 1.65 per cent on Monday, benchmark indices - Sensex and Nifty started today's trade on a positive note. Broader markets followed the trends of the major indices.
BSE Sensex were up tracking gains in index majors - Reliance Industries, Kotak Bank and HDFC Bank. The markets were also tracking gains in the global stocks that were up and favouring the bulls after Dow Jones, S&P 500, and the NASDAQ index zoomed higher during the previous session while Asian markets mirrored their up-move.
At 10:41 IST, 30-scrip Sensex was trading at 57,482.53, up 735.39 points or 1.30 per cent, while Nifty50 was up 1.27 per cent or 215.05 point at 17,127.30.
Bank Nifty index was up 1.2 per cent in the early hours of Tuesday and were trading above 36,100 levels. Bandhan Bank, Au SmallFinance Bank, and Kotak Mahindra Bank were the top gainers.
Markets also got fillip as traders came to buy stocks at lower levels after two days of sharp fall in the market.
Mostly, bank and metal stocks regained the most, while pharma stocks remained tepid.
As per exchange data, Foreign institutional investors (FIIs), on Monday, remained net sellers in the capital market, as they sold shares worth Rs 3,361.28 crore.
On Monday, Nifty and Sensex ended 1.65 per cent down as rise in Omicron variant of COVID-19 continue to dampen investors' sentiments. Nifty ended below 17,000-mark, while BSE Sensex was down almost 950 points. Sensex ended 949.32 points down at 56,747.14, while Nifty ended day's trade at 16,912.25 down 284.45 points.
The rupee also rose 15 paise to 75.30 against the US dollar in opening trade on Tuesday. Investors sentiments got a boost from a rally in domestic equities and weak American currency in the overseas markets.
Rise in crude oil prices in the international market and continuous foreign capital outflows capped the rupee's rise.
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