Asian Paints was the top gainer in the Sensex pack, followed by Tech Mahindra, L&T, Infosys, HCL Tech and PowerGrid.
Equity benchmark Sensex jumped over 300 points in early trade on Tuesday, tracking gains in index heavyweights Infosys, Reliance Industries and HDFC Bank amid largely positive trend in global markets.
The 30-share index rose 320.31 points, or 0.56%, to 57,740.55 in early trade. Similarly, Nifty rose 94.70 points or 0.55% to reach 17,180.95.
Asian Paints was the top gainer in the Sensex pack, up 2%, followed by Tech Mahindra, L&T, Infosys, HCL Tech and PowerGrid.
On the other hand, Dr Reddy’s was the only backward person.
In the previous session, the 30-share equity benchmark settled 295.93 points or 0.52% higher at 57,420.24, and the Nifty settled 82.50 points or 0.49% higher at 17,086.25.
Meanwhile, foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth 1,038.25 crore on Monday, according to stock exchange data.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “If the market’s ability to give discounts in the future holds true, the global economy is likely to grow well in 2022.”
He said the resiliency of US markets (the S&P 500 hit its 69th record high yesterday) and a rise in crude oil indicate that the Omicron version, though rising, is likely to impact economic activity in any meaningful way. Not there.
Elsewhere in Asia, shares in Shanghai and Hong Kong were trading with losses in mid-session deals, while Seoul and Tokyo were positive.
Stock exchanges in the US ended the overnight session with strong gains.
Meanwhile, international oil benchmark Brent crude rose 0.12% to $78.31 a barrel.
,