Sensex Sprints 800 pts At Open, Nifty Above 17,150; Key Points

Sensex Today: The benchmark Sensex and Nifty indices opened firmly on Tuesday morning in tandem with global peers. Frontline indices Nifty50 surged over 200 points to trade above 17,150 levels and the S&P BSE Sensex climbed over 950 points to trade at 57,778 levels.

The positive sentiments spread across broader markets too, as Nifty MidCap 100 and Nifty SmallCap 100 rose over 1 per cent each. Volatility gauge, India VIX, meanwhile slipped over 6 per cent.

All sectors swimmed in a sea of green. Nifty Metal and Nifty PSU Bank indices led the charge as they advanced in the range of 2 per cent to 3 per cent.

All the 30-constituents in the S&P BSE Sensex started to trade in positive territory. Shares of IndusInd Bank, L&T, Bajaj Twins, and Tata Steel, contributed to sharp gains in the benchmark.

Rupee Opens

Indian rupee opened 23 paise higher at 81.64 per dollar on Tuesday against previous close of 81.87.

Global Cues

Tokyo stocks opened higher Tuesday after Wall Street shares rebounded, but a North Korean missile test shortly before the opening bell provided a reminder to investors of geopolitical risks. The benchmark Nikkei 225 index was up 1.82 per cent, or 477.51 points, to 26,693.30 in early trade, while the broader Topix index added 2.01 per cent, or 37.17 points, to 1,884.75.

Wall Street’s three major indexes rallied to close over 2 per cent on Monday as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year’s final quarter.

Oil prices inched higher in early Asian trade on Tuesday, on expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday but concerns about the global economy capped gains.

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