Stock markets rise in early trade, ‘Sensex’ reaches 66,400
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Mumbai: Major stock indices Sensex and Nifty traded in a narrow range on Tuesday morning. Investors await the US Federal Reserve’s interest rate decision and quarterly results of companies. Withdrawal of foreign funds and rising crude oil prices also weighed on investor sentiment. During this period, the 30-share BSE Sensex was up 13.76 points or 0.02 per cent at 66,398.54.
The broader NSE Nifty rose 4.40 points, or 0.02 per cent, to 19,676.75. This week, the market will be watching the quarterly results of many major companies including Tata Motors, Bajaj Auto, Axis Bank, Cipla, Dr. Reddy’s, Bajaj Finance, Tech Mahindra. UltraTech Cement, Tata Motors, JSW Steel and M&M were among the gainers in the Sensex pack. On the other hand, ITC, Tech Mahindra, Asian Paints and Infosys were trading with losses.
On Monday, the BSE Sensex closed 299.48 points or 0.45 per cent lower at 66,384.78, while the NSE Nifty fell 72.65 points or 0.37 per cent to close at 19,672.35. Meanwhile, global oil benchmark Brent crude was up 0.13 per cent at USD 82.85 per barrel.
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