Sensex jumps 212 points, Nifty up 53 points as markets open on positive global cues

Indian fairness indices opened within the inexperienced on Tuesday following positive cues from Asian friends. At 9:55 a.m., Sensex was up 212 points or 0.27 per cent, at 77,553 and Nifty was up 53 points or 0.23 per cent, at 23,591.

Buying is being seen in midcap and smallcap shares. Nifty Midcap 100 index is up 265 points or 0.48 per cent, at 55,842 and the Nifty Smallcap 100 index is up 202 points or 1.11 per cent, at 18,417.

In the Sensex pack, Ultratech Cement, HDFC Bank, M&M, Axis Bank, SBI, Bharti Airtel, Bajaj Finance and Tata Steel are prime gainers. HCL Tech, Bajaj Finserv, NTPC, Asian paints, Infosys and TCS are prime losers.

Asian markets are bullish. The markets of Tokyo, Hong (*53*), Bangkok and Seoul are within the inexperienced. At the identical time, Shanghai and Jakarta are within the pink. American markets closed increased on Monday. Crude oil benchmark Brent crude is at $85 per barrel and WTI crude at $81 per barrel.

Mandar Bhojane, Research Analyst at Choice Broking, mentioned, “On the day by day chart, Nifty fashioned a bullish piercing candlestick sample with good quantity, indicating a bullish reversal from the help stage of 23,400.”

“If the index closes above the 23,600 stage, it might additional rise to 23,800 and 24,000 ranges within the upcoming days. On the flip aspect, if the value breaks the 23,300 stage, it might appropriate additional to the 23,000 stage,” he added. Among the sectoral indices, PSU banks, Auto, Fin Service, Metal and Media are main gainers. IT, FMCG and Realty are main laggards.

(With inputs from IANS)