Mumbai: Equity Benchmark Sensex jumped more than 100 points in early trading on Tuesday advantage tracking in the heavy-class ICICI Bank, Infosys and L & T, although there are weak trends in the Asian market and the flow of sustainable foreign funds.
After opening with choppy records, the 30-stock index traded 118.07 points or 0.20 percent higher at 60,663.68 in the initial transaction.
Similarly, Nifty rose 36.45 points or 0.20 percent to 18,105 in the middle of high volatility.
M & M is the top enhancer in the sensex package, up more than 2 percent, followed by Indusind Bank, Bajaj Auto, L & T and TCS.
On the other hand, Nestle India, HDFC Bank, PowerGrid, HDFC and Asia painted between Lambgard.
In the previous session, Sensex ended 477.99 points or 0.80 percent higher at 60,545.61, and Nifty jumped 151.75 points or 0.85 percent to 18068.55.
Foreign institutional investors (FIIS) are clean sellers in the capital market, because they lowered shares worth Rs 860.65 Crore on Monday, according to data exchange.
“Investors must remember the fact that this Global Bull Run with India outperformed.
At our mother’s market, the S & P 500 rose 25 percent YTD and in India, Nifty rose 29 percent YTD,” VK Vijayakumar, head of investment strategies in Geojit financial services.
The correlation between markets is very high globally.
Therefore, correction also tends to be global.
There is no trigger seen for correction at this time, he said.
In the previous session, the sale of FII RS 861 Crore was overwhelmed by the purchase of DII RS 1,912 Crore.
According to him, as long as this trend continues, the market will remain strong even though the judgment is high.
Elsewhere in Asia, Burun in Shanghai, Hong Kong, Tokyo and Seoul traded with losses in a mid-session agreement.
The main index on Wall Street ended with a little positive in an overnight session.
Meanwhile, Benchmark International Oil Brent crude oil fell 0.10 percent to $ 83.35 per barrel.
Sensex rose more than 100 points in early trade; Nifty tops 18,100.
