Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 200 points to 81,745.02. Meanwhile, the Nifty was also up by 40.95 points to 24,977.
Among the 30 Sensex firms, Power Grid, Bharti Airtel, Axis Bank, Tata Steel, NTPC, Sun Pharma, Larsen & Toubro and Titan were the biggest gainers. Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance and Kotak Mahindra Bank were among the laggards. In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower. The US markets ended significantly higher on Monday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,176.55 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 1,757.02 crore. Global oil benchmark Brent crude dipped 0.08 per cent to USD 71.78 a barrel.
Rupee against dollar
Meanwhile, the rupee traded in a narrow range on Tuesday and depreciated 3 paise to 83.98 against the American currency, amid a muted trend in domestic equities. Forex traders said foreign institutional inflows, alongside significant corrections in asset classes like the Dollar Index and crude oil prices supported the rupee, while the Reserve Bank's active intervention kept the rupee in a tight range. At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at 83.95 against the American currency and touched 83.98 in initial trade, registering a fall of 3 paise over its previous close.
(With PTI inputs)
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