Stock Market: Sensex and Nifty gains over 200 and 50 points respectively

The domestic stock market on Tuesday began its business on a positive note. The Sensex traded at 35,121.57, up 256.47 points or 0.74 percent and the broader Nifty50 was at 10,577.45, with a gain of 64.95 points or 0.74 percent.

Notably, the BSE Sensex opened at 35,004.33, and the Nifty50 index of the National Stock Exchange (NSE) at 10,550.15.

IndusInd Bank was the top Nifty gainer after it reported 4.6 percent rise in second-quarter profit at Rs. 92,000 crore. However, Infosys traded flat. On the other side, all sectoral indices on the NSE, barring the Nifty IT – the index of IT stocks – traded with gains, led by auto and banking stocks. Meanwhile, the rupee weakened by 9 paise to 73.92 against the US dollar in early trade.

According to a report by news agency Reuters, Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses. MSCI’s broadest index of Asia-Pacific shares outside Japan nudged up 0.25 percent, crawling away from a 19-month trough touched on Thursday.

On Monday, the Sensex had closed 131.52 points or 0.38 percent higher at 34,865.10 and the Nifty50 had settled at 10,512.50, up 40 points or 0.38 percent. The rupee had lost 26 paise to close at 73.83 Monday after crude prices rose amid intensifying geopolitical tensions.

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