Sensex Today: equity markets The string in the US opened higher on Tuesday morning for the second day in a row, taking cues from overnight trade. The S&P BSE Sensex rose 171.5 points, or 0.28 per cent, to 61,113 in early deals. Meanwhile, the Nifty 50 gained 45 points, or 0.24 per cent, to hit a high of 18,150.
Tata Motors, ICICI Bank, Infosys, Tech M, HDFC Bank, IndusInd Bank and Bajaj Finserv were the large-cap losers that lifted the Frontline index in early deals, followed by Axis Bank, Bharti Airtel, HUL, Nestle India and Sun Pharma. Tried to limit the benefits.
In the broader markets, the BSE Midcap and Smallcap indices rose up to 0.2 per cent each.
in sectoral index smelly IT and PSU Bank indices (up 0.5 per cent each) were the star performers, followed by Nifty Bank index (up 0.4 per cent). At the same time, the Nifty Realty index fell 0.2 percent.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said: “An important trend in the global equity market now is the outperforming of the key markets US. Expectations of a soft landing for the US economy are rising and markets are reacting to it The S&P 500 is up 5.12 percent so far in January. Tech heavy Nasdaq is up 8.5 percent and that’s good news especially for Indian IT companies, which are now likely to do well. Sentiments positive for pre-budget rally as well are favourable. The ongoing momentum has the potential to break 17800-18200 range to the upside. This third quarter results season saw a stupendous performance by the banking segment. Banking stocks, especially high quality ones, despite rally in prices Stay invested in the names.”
global signal
Markets in Asia-Pacific were trading higher due to Lunar New Year holidays in most regions. In Australia, the S&P/ASX 200 rose 0.17 percent in morning trade, while the Nikkei 225 rose 1.29 percent in Japan. At 7:20 am, the SGX Nifty was up 81 points at 18,227.
Markets in China, Hong Kong, Taiwan, South Korea, Malaysia and Singapore were closed for a holiday.
The Nasdaq Composite climbed 2 per cent in the US overnight; the S&P 500 1.2 percent; and the Dow Jones 0.76 percent. Investors will be tracking US manufacturing and services PMI data, which will be released later today.
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