Sensex, Nifty close volatile trade in positive territory on firm global cues
Over the past eightsessions, Nifty has retraced only 61 per cent of preceding seven sessions, highlighting a robust price structure.
Over the past eightsessions, Nifty has retraced only 61 per cent of preceding seven sessions, highlighting a robust price structure.
Key indices of the domestic equities market opened flat on Tuesday morning, tracking mixed global cues. Auto and IT stocks were up in the morning trade. Heavyweight Reliance was up 0.26 per cent as well.
"Asian markets rose shrugging off concerns about China regulatory actions and Delta strain spread. In India, Bank stocks are up, while Realty stocks have come under profit taking." said Deepak Jasani, head of Retail Research at HDFC Securities
The BSE Sensex traded at 52,868.36 points, at 10.15 am, higher by 281.52 points or 0.54 per cent from its previous close
BSE Sensex traded at 52,756.55 points, at 10.30 a.m., lower by 383.51 points or 0.72 per cent from its previous close
Tech Mahindra, HCL Technologies and Sun Pharmaceutical Industries were the top gainers on the Sensex
A sell-off in the global markets was triggered as US reported strong job data, which faded hopes of an aggressive rate cut by the Federal Reserve.
Trading sentiment in the equity markets this week will be largely dictated by industrial production and inflation data, the ongoing quarterly results as well as global cues.
Tracking gold, silver ready rallied Rs 450 to Rs 37,900 per cent and weekly-based delivery by Rs 452 to Rs 36,671 per kg.
Silver coins, however, spurted by Rs 1,00 to Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
