Indian bourses open on positive note, follow Asian peers
Dubai - The rupee opened 6 paise higher at 75.53 against the US dollar.
The Indian stock markets opened on positive note on Tuesday morning as BSE Sensex jumped over 850 Points and Nifty touched 8,500 in early trade.
Domestic stock markets started opening session on a positive note amid gains in Asian peers.
The S&P BSE Sensex index rose as much as 876.48 points to touch 29,316.80 on the upside in the first few minutes of trade, soon after starting the session up 854.62 points at 29,294.94. The broader NSE Nifty benchmark started the day at 8,529.35 - the strongest level in early trade, up 248.25 points from the previous close.
The gains were led by financial, metal and pharmaceutical shares. Analysts say that volatility cannot be ruled out in the near term as investors assess the rising coronavirus cases.
Reliance Industries, (up 2.21 per cent), HDFC (2.37 per cent), ICICI Bank (2.09 per cent) and Infosys (1.60 per cent) together accounted for a gain of more than 200 points in the Sensex.
On Monday, the Sensex had ended 1,375.27 points (4.61 per cent) lower at 28,440.32 - extending losses to a second straight session, and the Nifty settled at 8,281.10, down 379.15 points - or 4.38 per cent - from the previous close.
The rupee on Tuesday opened 6 paise higher at 75.53 against the US dollar after the RBI increased the limit for FPIs investment in corporate bonds to 15 per cent of outstanding stock for FY 2020-21. - email@example.com