Share Market: Benchmark indices started the day trading higher for the third day on Tuesday amid fresh foreign fund inflows and sustained buying in IT counters. In early trade, the 30-share BSE Sensex climbed 187.61 points to reach 62,151.29 points. The NSE Nifty gained 69.35 points to reach 18,383.75.
Among Sensex firms, Infosys, Bajaj Finserv, IndusInd Bank, Bajaj Finance, HCL Technologies, Tech Mahindra, Wipro, Tata Consultancy Services, Asian Paints and ITC were major gainers. Titan, Kotak Mahindra Bank, Bharti Airtel, Mahindra & Mahindra and Tata Motors were the laggards.
Asian market and American market
In Asian markets, Seoul and Tokyo were trading in the green, while Shanghai and Hong Kong registered losses. On Monday, the US market closed mostly with gains.
Prashant Taapsee, Senior Vice President (Research) said, “The ongoing lining up lies in the fact that the June 1 deadline for raising the US debt ceiling, which could potentially trigger a financial crisis, will have minimal impact on the Nifty. falling.” , Mehta Equities Ltd.
Discussion on productive debt limit in America
US President Joe Biden and House Speaker Kevin McCarthy both said they had productive discussions late Monday at the White House on their debt ceiling but reached no agreement as negotiators tried to raise the country’s borrowing limit on time to avert a potentially chaotic federal default. pressured to increase.
Foreign institutional investors (FIIs) turned buyers on Monday, buying shares worth Rs 922.89 crore after a day’s respite, according to exchange data.
Meanwhile, global oil benchmark Brent crude climbed 0.29 per cent to $76.21 per barrel. The BSE benchmark closed at 61,963.68, up 234 points or 0.38 per cent on Monday. The Nifty closed at 18,314.40, up 111 points or 0.61 per cent.