The Indian stock markets climbed in early trade on Tuesday, propelled by sustained foreign fund inflows. The 30-share BSE Sensex advanced 176 points to 78,461.16, while the 50-share NSE Nifty went up by 34.1 points to 24,464.45 in opening trade.
Market Movers
Among the Sensex constituents, major gainers included Reliance Industries, HDFC Bank, and Infosys. The positive trend was broad-based, with advances outnumbering declines in early trading.
According to market analysts, the uptick was primarily driven by continued buying by foreign institutional investors (FIIs), who have been net buyers in recent sessions. Data showed that FIIs infused over ₹1,200 crore in the equity markets on Monday.
Global Cues
Asian markets traded mixed, with Tokyo's Nikkei rising while Shanghai's composite index edged lower. However, US markets ended with gains overnight, providing a supportive backdrop for Indian equities.
“The market is taking cues from positive global sentiment and strong domestic macroeconomic fundamentals,” said a market expert. “Foreign fund inflows are expected to remain robust given the stable policy environment and corporate earnings growth.”
Sectoral Performance
All sectoral indices were trading in the green, led by IT, banking, and oil & gas stocks. The Nifty IT index gained over 1%, while the Nifty Bank index rose 0.8%.
Investors are now awaiting key economic data releases later this week, including industrial production and inflation figures, for further direction.
