Sensex Today | Share Market Live Updates: Sensex jumps 400 pts at open; Nifty above 21,650; Zee slumps 9%
Sensex Today | Share Market Live Updates: Indian benchmark indices Sensex and the Nifty opened higher on Tuesday tracking Asian stock markets which recorded gains in line with the rise in Wall Street shares. Sensex jumped 400 points while Nifty was above the 21,650 level.Asian stock markets showed some signs of resilience with most indices recording gains on the heels of a tech-driven surge on Wall Street. Investors across the globe are keenly awaiting the US inflation data, a critical factor that could influence the Federal Reserve's decision on interest rate adjustments.
Oil held the largest drop in about a month on signs of a weaker physical market, including a deep pricing cut by Opec leader Saudi Arabia. Gold prices picked up on Tuesday from a three-week low, helped by a pullback in the dollar. Foreign institutional investors net bought Indian shares worth ₹160.30 million on Monday, while domestic investors purchased a net ₹1.56 billion of shares.
Monthly FPI buying in Indian equities hit a record in December.Investors are focussing on key economic indicators and corporate earnings of IT majors later this week. Stocks to Watch today: Bajaj Auto, Aurobindo Pharma, Tata Motors, Cipla, BEML. Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers, Delta Corp, Escorts, GNFC, Hindustan Copper, Indian Energy Exchange, India Cements, Nalco, Piramal Enterprises, SAIL, and ZEEL are part of the F&O ban for TuesdayOil prices showed signs of stabilization following a decline in the previous session.
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