Sensex opens 490 pts higher, Nifty above 15k; BPCL, Coal India, SBI Cards in focus

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Indian benchmark indices opened higher on Tuesday, tracking positive trading at Nifty futures on the Singapore Exchange. The BSE SENSEX opened at 50,936, up by 490 points or by 0.96 per cent, and the NSE Nifty at 15,093, up by 139 points or by 0.93 per cent. Among the individual stocks, shares of BPCL, Coal India, Reliance Industries, Bharti Airtel, Vodafone Idea, Shipping Corporation of India, JSW Energy, Kotak Mahindra Bank, SBI Cards and Payment Services, BEML and others will be in focus in Tuesday’s trading session.

Globally, Asian markets were trading on a mixed note after muted opening as fears of rising in yield restricted upward move. In the overnight trade, Wall Street also ended mostly lower, weighed down by heavy selling in technology companies. On Monday, Indian benchmark indices ended marginally higher, paring most of the early gains, weighed down by losses in realty and FMCG stocks. The BSE Sensex ended 35.75 points or 0.07 per cent higher at 50,441.07 and the NSE Nifty closed at 14956.2, up by 18.1 points or by 0.12 per cent. Outperforming the benchmark indices, the broader market settled with decent gains. The BSE MIDCAP closed 0.36 per cent higher, while the BSE SMLCAP up by 0.66 per cent. The Market breadth, indicating the overall strength of the market, was strong. Out of 3,644 shares traded on BSE, 1,869 advanced, while 1,522 shares declined and 253 were unchanged.

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