Sensex up by 110 points after a positive opening

The Indian inventory indices are up on Tuesday, following the positive development within the broader market.

At 9:50 a.m., Sensex was up by 110 points or 0.14 per cent at 72,887 points, and Nifty was up by 30 points or 0.14 per cent at 22,134 points.

Broader markets outperformed benchmark indices. On NSE, 1,590 shares had been within the inexperienced mark and 539 shares within the purple mark.

Nifty Midcap 100 Index was up by 108 points or 0.22 per cent, at 49,843 points and the Nifty Smallcap 100 Index was up by 140 points or 0.87 per cent at 16,178 points.

Out of 30 Sensex shares, 19 shares opened within the inexperienced and 11 shares opened within the purple.

Power Grid, JSW Steel, NTPC, HCL Tech, and SBI had been the highest 5 gainers. Asian Paints, Axis Bank, Nestle, ITC, and ICICI Bank had been the highest 5 losers.

According to Market Experts, “The development in May of sustained promoting by FIIs and sustained shopping for by DIIs continues. So, in May, FIIs bought fairness within the money marketplace for Rs 29,474 crores, and DIIs purchased for Rs 22,973 crores. This development is prone to proceed and the spike in India VIX will guarantee excessive volatility.”

“Under these circumstances, the best choice for traders is to attend and look ahead to a development change, which may occur at any time. Clarity on election developments is prone to come earlier than June 4, the counting day, and the market response may be robust. Buying on dips could be a good technique now.”

(With inputs from IANS)