look news india
New Delhi: The stock market is still trading with momentum. Both the exchange stocks of the market are trading close to the highest level. However, these days the market is witnessing a boom.
Both benchmarks hit all-time highs in early trade amid strong global market trends, buying in bank stocks and foreign fund inflows. The stock market continued to rise for the fifth consecutive trading session.
In early trade, the BSE Sensex rose 280.32 points to reach 77,581.46. This was the all-time high of the Sensex. The NSE Nifty also rose 72.95 points to a new record level of 23,630.85. However, the market later saw a slight decline.
Top gainer and loser stocks
Among Sensex companies, Indusind Bank, ICICI Bank, JSW Steel, Axis Bank, Kotak Mahindra Bank, Infosys, Tata Consultancy Services and HDFC Bank are in the green, while Titan, NTPC, Power Grid and Bajaj Finance are in the green. Trading stocks are in the red.
How is business in the global market?
In Asian markets, Seoul, Tokyo and Hong Kong were trading higher, while Shanghai was trading lower. US markets closed in positive territory on Tuesday.
According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 2,569.40 crore on Tuesday. Global oil benchmark Brent crude rose 0.01 per cent to $85.34 per barrel.
Indian currency appreciates
The Indian currency opened strong at 83.39 at the interbank foreign exchange market and rose to 83.34 against the dollar in early trade. It later traded at 83.37 against the US currency, up 6 paise from its previous close. On Tuesday, the rupee closed 12 paise higher at 83.43 against the dollar.