Sensex increased by 900 points, indices in huge gains

Domestic stock market indices opened with huge gains on Tuesday. It is remarkable that indices are recovering strongly from yesterday’s losses.

Positives in the Asia-Pacific markets are a boon for our indices. The Sensex gained 915 points to trade at 79,675 at 9:25 am. The Nifty was trading up 271 points at 24,326. The rupee opened at Rs 83.85 against the dollar.

In the Sensex-30 (Sensex) index, Nestlé India is the only one with slight losses. Tata Motors, Maruti, L&T, Adani Ports, JSW Steel, Tata Steel, M&M, NTPC, SBI, Tech Mahindra, HCL Tech, Bajaj Finance, Bajaj Finance, Bajaj Finance are in the list.

In the wake of recession fears, US market indices lost three percent on Monday. On the other hand, Asian markets have recovered today from yesterday’s heavy losses. It is noteworthy that Japan’s Nikkei gained 8 percent, Kospi 3 percent, and Topics gained more than 12 percent. The price of a barrel of Brent oil in the international market continues at 77.20 dollars. Foreign institutional investors (FIIs) sold shares worth a net Rs 10,074 crore on Monday. Domestic institutional investors (DIIs) bought shares worth Rs 9,156 crore.