Ultratech Cement, HDFC Bank, M&M, Axis Bank, SBI, Bharti Airtel, Bajaj Finance and Tata Steel are top gainers
On Tuesday, following positive cues from Asian peers, the Indian equity indices opened in the green with Sensex up 212 points or 0.27 percent, at 77,553 and Nifty up 53 points or 0.23 percent, at 23,591.
Asian markets are bullish. The markets of Tokyo, Hong Kong, Bangkok, and Seoul are in the green. At the same time, Shanghai and Jakarta are in the red.
American markets closed higher on Monday. Crude oil benchmark Brent crude is at $85 per barrel and WTI crude is at $81 per barrel.
Among the sectoral indices, PSU banks, Auto, Fin Service, Metal, and Media are major gainers. IT, FMCG, and Realty are major laggards.
Buying is being seen in midcap and smallcap stocks. Nifty Midcap 100 index is up 265 points or 0.48 percent, at 55,842 and the Nifty Smallcap 100 index is up 202 points or 1.11 percent, at 18,417.
Ultratech Cement, HDFC Bank, M&M, Axis Bank, SBI, Bharti Airtel, Bajaj Finance, and Tata Steel are top gainers.
While HCL Tech, Bajaj Finserv, NTPC, Asian paints, Infosys, and TCS are top losers.
Mandar Bhojane, Research Analyst at Choice Broking, said, “On the daily chart, Nifty formed a bullish piercing candlestick pattern with good volume, indicating a bullish reversal from the support level of 23,400.”
“If the index closes above the 23,600 level, it could further rise to 23,800 and 24,000 levels in the upcoming days. On the flip side, if the price breaks the 23,300 level, it could correct further to the 23,000 level,” he added.
For all the latest updates, download PGurus App.
