Stock markets update: Equity benchmark indices jumped in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 591.19 points to 77,930.20. Meanwhile, the Nifty was also up by 188.5 points to 23,642.30.
Major gainers and laggards
From the 30-share Sensex pack, Mahindra & Mahindra, Adani Ports, Tata Motors, Infosys, Tata Consultancy Services, UltraTech Cement, Tech Mahindra and Reliance Industries were the biggest gainers. Bajaj Finserv and Kotak Mahindra Bank were the laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,403. 40 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 2,330.56 crore, according to exchange data. In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower.
Rupee against dollar
Meanwhile, the rupee rose 2 paise to 84.40 against the US dollar in early trade on Tuesday amid a recovery in domestic equity markets and a weaker American currency against major Asian rivals. Forex traders said, however, the sustained outflow of foreign funds and an upward movement in crude oil prices put pressure on the local unit and capped its sharp gain. At the interbank foreign exchange, the rupee opened at 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its previous close.
On Monday, the rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.09 per cent at 106.10.
(With PTI inputs)
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