Mumbai: Shares of Sensex and Nifty started off on Tuesday in a turbulent manner amid lukewarm indications of world markets.
The 30-share BSE index traded 54.44 points or 0.10 percent higher at 52,382.95 in initial trades. Similarly, the broader NSE Nifty advanced 13.85 points or 0.09 percent to 15,765.50.
Tech Mahindra was the best profit in the Sensex package and rose by about 2 percent, followed by Bajaj Finance, Infosys, HCL Tech, NTPC and TCS.
On the other hand, ONGC, SBI, IndusInd Bank, Sun Pharma and ICICI Bank were among the underprivileged.
In the previous session, Sensex rose 228.46 points or 0.44 percent to reach its highest point of 52,328.51, and Nifty rose 81.40 points or 0.52 percent to a record 15,751.65 .
Foreign institutional investors (FIIs) were net sellers in the capital market when they offloaded shares worth 186.46 crore according to preliminary exchange data.
“Domestic equities look moderately good from now on. The daily caseload that falls to less than once for the first time after two months yesterday, and the government that assures state governments to offer Jabs at their own expense to everyone, offers extra convenience, ”said Binod Modi’s main strategy at Reliance Securities.
On the world front, US equities ended mixed with Dow and S&P 500 recording moderate contractions. However, he said yields of soft bonds, backed by lower-than-expected Job data for May, helped the tech-savvy Nasdaq increase profits.
Elsewhere in Asia, the stock market in Shanghai, Tokyo and Hong Kong was in the red in mid-session deals, while Seoul traded at a profit.
The international oil benchmark Brent crude traded 0.98 percent lower at USD 70.79 a barrel.
Source: Telangana Today