Mumbai: Domestic equity market started on a positive note on Tuesday, with BSE rising by 109 points and NSE trading with moderate gains amid positive cues from other Asian markets. In early trade, the 30-share BSE Sensex gained momentum and jumped by 108.97 points to reach 60,615.87 while the broader NSE Nifty climbed by 36.65 points to stand at 17,801.25.
On February 6, the BSE dropped by 334.98 points or 0.55 percent to close at 60,506.90 while the NSE fell 89.45 points or 0.50 percent to end the day at 17,764.60. Foreign portfolio investors were net sellers on February 6, offloading shares worth Rs 1,218.14 crore, according to data available with the BSE.
Most of the Sensex stocks, including Reliance Industries, HDFC Bank and TCS were trading with gains.
Markets in Japan, Hong Kong, South Korea and China were trading in the green.
The US as well as the European markets closed in the negative territory on February 6.
The international Brent crude futures rose 0.79 percent to USD 81.78 per barrel.
Deepak Jasani, Head of Retail Research at HDFC securities, said Asian stocks made small advances as investors await commentary from Federal Reserve Chair Jerome Powell later Tuesday amid bets the central bank will keep a firm grip on monetary policy.
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