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Markets Open in Green, Sensex Marginally up at 33,979, Nifty at 10,507

by December 26, 2017 General

Mumbai, December 26: Key Indian equity indices BSE Sensex and NSE Nifty opened in red during early morning trade on Tuesday. Stock benchmarks crossed new milestones today, with the Sensex topping 34,000 for the first time and the Nifty hitting a fresh high of 10,515. During the early morning trade today, Benchmark Sensex was marginally up by over 39 Points or 0.12% to 33,979.59 while the wider Nifty was up by over 14 points or 0.14% to 10,507.

At 10.30 AM: After starting the truncated week on a positive note, markets slumped during morning trade on Tuesday. Sensex was down by over 18 points or 0.06% to 33,921.42 while the wider Nifty was down by over 8 points or 0.08% to 10,484.60. Analysts said domestic institutional buying and interest among retail investors amid robust foreign funds inflows lifted mood, PTI reported. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 107.87 crore while domestic institutional investors (DIIs) had also purchased equities worth a net Rs 371.53 crore on Friday, as per provisional data.

There was support from all sectoral indices, driven by technology and oil and gas, with gains of up to 0.90 per cent. The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday versus 64.05 on Friday. The stock, currency and commodity markets remained shut on Monday on account of Christmas. Ahead of the long weekend, Sensex rallied to 33,940 and the Nifty 10,493- both all-time closing highs driven by IT, technology and capital goods shares amid unabated domestic institutional buying on Friday.

Sensex zoomed 184 Points to end at 33,940.30 while the wider Nifty jumped 52 points or 0.50% to 10,493.00. Sensex hit a fresh all-time high of 33,959, rising nearly 200 points, powered by gains in banking, IT and auto stocks. Major global stock markets, except for Japan, China and Taiwan remained shut on Monday on account on Christmas.  Markets that are observed Christmas holiday include the US, the UK, Australia, South Korea, Hong Kong, Singapore, Germany, France, Italy, Brazil and Greece.