Sensex, Nifty start on a positive note driven by gains in IT stocks amid positive global cues

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a positive note on Tuesday driven by gains in IT stocks amid positive global cues. After jumping over 100 points in the opening session, the 30-share index was trading 63.84 points, or 0.16 percent, higher at 39,848.36 at 0930 hours. Similarly, the broader NSE Nifty was quoting 10.65 points, or 0.09 percent, up at 11,933.35. In the previous session on Monday, the BSE gauge settled 168.62 points, or 0.43 percent, higher at 39,784.52. Similarly, the broader NSE Nifty rose 52.05 points, or 0.44 percent, to settle at 11,922.70. [caption id=“attachment_4416807” align=“alignleft” width=“380”] Representative image. Reuters[/caption] Top Sensex gainers in early session Tuesday include IndusInd Bank, HCL tech, ONGC, Tata Motors, TCS, Tata Steel and Infosys, rising up to 2 percent. While, Sun Pharma, M&M, Bharti Airtel, Axis Bank, HDFC and ICICI Bank fell up to 2.50 percent. Domestic indices extended gains as investors sentiment remained positive amid easing concerns over a global trade war after the United States dropped its threat to impose tariffs on Mexico, traders said. Bourses in China, Japan and Korea were trading on a positive note in their respective early sessions. Strengthening rupee and foreign fund inflow too kept the positive momentum in the market going, traders added. The rupee appreciated 16 paise to 69.49 against the US dollar. In Monday’s session, foreign institutional investors (FIIs) bought equity worth Rs 216.20 crore, and domestic institutional investors purchased shares to the tune of Rs 170.62 crore, provisional data available with stock exchanges showed. Meanwhile, the global oil benchmark Brent crude futures were trading 0.32 percent higher at 62.49 per barrel.