Markets increase due to strong global trends and foreign money inflows

Following a good trend in the world markets and uninterrupted foreign money inflows, equity benchmark indexes increased on Tuesday.

Reliance Industries, Infosys, and ITC purchases helped the markets extend their day’s rise.

To close at 65,617.84, the 30-share BSE Sensex gained 273.67 points, or 0.42 percent. It increased by 526.42 points or 0.80% over the day to reach 65,870.59.

To finish at 19,439.40, the NSE Nifty gained 83.50 points, or 0.43 percent.

Sun Pharma, Maruti, Tata Motors, ITC, Nestle, Larsen & Toubro, Asian Paints, Titan, Tech Mahindra, Power Grid, and Reliance Industries were the top gainers from the Sensex pack.

Among the laggards from the 30-share group were Bajaj Finance, Axis Bank, HCL Technologies, State Bank of India, HDFC, HDFC Bank, ICICI Bank, and Bajaj Finserv.

Seoul, Tokyo, Shanghai, and Hong Kong had positive closing prices in Asian markets.

European stock markets were mostly trading in positive territory. The US stock markets closed Monday in favourable territory.

According to exchange statistics, foreign institutional investors (FIIs) maintained their buying trend on Monday by purchasing shares of stock worth Rs 588.48 crore.

Benchmark Brent crude for world oil increased 0.18 percent to $77.83 per barrel.

The benchmark BSE index rose 63.72 points or 0.10 percent to establish a new high.