NSE & BSE rise in early trade

Mumbai: The domestic stock market began the trade on a positive note on Tuesday amid a firm trend in global equities and buying in index major Reliance Industries and ICICI Bank. The 30-share BSE Sensex climbed by 334.32 points to end at 57,963.27 in early trade. The broader NSE Nifty advanced by 94.9 points to settle at 17,083.30.

The BSE benchmark had declined by 360.95 points or 0.62 percent to settle at 57,628.95 on Monday. The Nifty fell by 111.65 points or 0.65 percent to settle at 16,988.40. Foreign Portfolio Investors offloaded equities worth Rs 2,545.87 crore on Monday, according to exchange data.

Position of stocks listed in BSE

Among the Sensex stocks, Bajaj Finance, Titan, Reliance Industries, Bharti Airtel, UltraTech Cement, Asian Paints, ICICI Bank, and Bajaj Finserv were among the major winners. Tech Mahindra, Power Grid, HCL Technologies, ITC, and Tata Motors were among the biggest laggards.

Performance of markets worldwide

In Asia, Seoul, Hong Kong, and Shanghai markets were trading higher.
The US markets ended in positive territory on Monday. Meanwhile, global oil benchmark Brent crude declined 1.03 percent to USD 73.03 per barrel.

"A sharp rebound in the overnight US markets could buoy local market sentiment in early trade on Tuesday in the backdrop of the US banking concerns, which are seen subsiding," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said in his pre-market opening quote. "Tomorrow's Fed decision and commentary will be crucial," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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