Wednesday, 17 July 2024
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Stock Market

In early trade, the Sensex rise 128 points

  • Global cues that were positive caused equity benchmark indices to rise early on Tuesday.
  • At USD 80.21 per barrel, the global oil benchmark Brent crude increased by 0.29 percent.
  • Tuesday morning saw a 2 paise increase in the rupee versus the US dollar, to 83.38.

Global cues that were positive caused equity benchmark indices to rise early on Tuesday. At the opening of trading, the 30-share BSE Sensex increased 128.76 points to 66,098.80. At 19,848.05., the Nifty increased by 53.35 points.

Both benchmark indices, however, later experienced erratic trends and were trading slightly higher. The biggest gainers amongst the Sensex companies were Asian Paints, Titan, Tata Steel, Bajaj Finserv, Asian Cement, and State Bank of India.

Asian stocks

The laggards included Infosys, ICICI Bank, HCL Technologies, Reliance Industries, and IndusInd Bank. Tokyo and Hong Kong posted lower quotes, while Seoul and Shanghai saw gains in trading.

Monday’s closing bell for US markets was somewhat below average. At USD 80.21 per barrel, the global oil benchmark Brent crude increased by 0.29 percent.

Tuesday morning saw a 2 paise increase in the rupee versus the US dollar, to 83.38. The Indian currency was also favored, according to forex traders, by good sentiment in the country’s equity markets and declining crude oil prices.

Overnight, the rupee gained 2 paise from its previous close to open at 83.37 against the dollar at the interbank foreign exchange.

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