The Sensex rose over 200 points in early trade, the Nifty also rose

On Tuesday, the local stock markets also gained momentum due to positive signals from global markets. In early trading, the Sensex rose over 200 points due to gains in key stocks such as Infosys, Reliance Industries, and Asian Paints. The Bombay Stock Exchange (BSE) 30-share Sensex rose by 274.03 points, or 0.54 percent, to 50,669.11 points, and the broad-based National Stock Exchange (NSE) Nifty rose 75.10 points, or 0.50 percent, to 15,004.60 points.

State Bank shares trend down

Asian Paints was the biggest gainer among the Sensex stocks. It grew by about two percent. This was followed by Titan, Ultratech Cement, Bharti Airtel, Infosys, Reliance Industries and Mahindra & Mahindra. In contrast, shares of Bajaj Auto, NTPC and State Bank declined. The BSE Sensex fell 397 points, or 0.78 percent, to 50,395.08 points and the NSE Nifty fell 101.45 points, or 0.67 percent, to close at 14,929.50 points at the end of the previous trading day. On Monday, foreign institutional investors made net sales of Rs 1,101.35 crore in the capital market.

Stock market gains in America in the trading session

VK Vijay Kumar, chief investment strategist, Geojit Financial Services, said, “We are in a very turbulent phase right now. The market is currently reacting to the world’s major catalytic events. The most important catalyst in this is the acquisition of bonds in the US which have the potential to flow large amounts of money. Increased realization on bonds leads to increase in selling of shares while decreasing realization starts buying.

The market continues its ups and downs due to bear bumps and short coverings. However, in other Asian markets, business in the markets of Shanghai, Hong Kong, Tokyo and Seoul is operating positively. The stock market in the US was also profitable during the last trading session. Meanwhile, the global benchmark of crude oil, Brent crude, was down by 0.83 per cent to USD 68.31 per barrel.

Sensex collapsed at the start of trading on Monday

On Monday, the Bombay Stock Exchange’s Sensex slipped more than 600 points in early trading due to a fall in shares of financial companies due to the increase in foreign exchange withdrawals. The National Stock Exchange (NSE) Nifty also fell below the 14,900 mark. BSE’s 30-company stock-based index fell 630.51 points, or 1.24 percent, to 50,161.57 points in early trading and the NSE Nifty index fell 184.15 points, or 1.23 percent, to 14,846.80 points.