Lagatar24 Desk
Mumbai, Feb 8: Following favourable global cues, the Indian market indices began trading in the green on Tuesday, spurred by a comeback in metal and automobile companies.
The benchmark BSE Sensex was up 209 points, or 0.36 percent, at 57,830 at 9:20 a.m., while the broader NSE Nifty was up 64 points, or 0.37 percent, at 17,277. On Monday, both domestic indices had taken a significant hit.
Investor positivity rose with robust results from US corporations, helping Asian shares maintain recent gains and assist stocks rebound from their worst start to the year since 2016, while a surging euro paused ahead of US inflation data. The Nikkei in Japan climbed 0.4 percent, Korean equities gained 0.7 percent, and Taiwan gained 0.6 percent.
Futures on the S&P 500 remained unchanged, while Nasdaq futures rose 0.06 percent. Consumer price data for January is anticipated on Thursday, and it could show core inflation increasing to 5.9%, the highest level since 1982.
Mid- and small-cap stocks were trading higher in India, with the Nifty Midcap 100 index up 0.44 percent and small-cap stocks up 0.40 percent.
On a stock-by-stock basis, Maruti Suzuki India was the highest Nifty gainer, jumping 2.57 percent to Rs. 8,730.30. Among the gainers were Tata Steel, Hindalco, Titan, and Hero MotoCorp.
Tata Consumer Products, Britannia, PowerGrid, NTPC, and Nestle India, on the other hand, were among the gainers.
On the BSE, the overall market breadth was positive, with 1,420 shares rising and 1,228 falling.
Maruti, Titan, Bajaj Finserv, Dr Reddy’s, and Tata Steel saw the highest increases on the 30-share BSE platform, with their shares increasing as much as 2.35 percent.
On Monday, the Sensex fell 1,024 points, or 1.75 percent, to conclude at 57,621, while the NSE Nifty fell 303 points, or 1.73 percent, to 17,214.
