Following the boom in the global markets, the domestic markets also started trading on Tuesday. The Bombay Stock Exchange Sensitive Index was up by 350 points in the early stages of Sensex trading. Business sentiment has improved as pharmaceutical company Pfizer reported good progress in the COVID-19 drug. Along with this, foreign exchange flows also remain in the market.
After touching the peak level of 42,959.25 points at the start of trading on Tuesday, the Bombay Stock Exchange (BSE) Sensex rose by 216.15 points or 0.51 percent to 42,813.58 points, based on 30 shares. Similarly, the Nifty index of the National Stock Exchange (NSE) also rose 51.65 points or 0.41 percent to 12,512.730 points in the initial period of trading. Earlier, the Nifty also touched a high of 12,557.05.
ICICI Bank was the biggest gainer among the Sensex stocks. It was up about three percent. This was followed by ONGC, HDFC, Larsen and Toubro, State Bank, HUFC Bank, Indus Ind Bank, and Bajaj Finance.
On the other hand, the share prices of Tech Mahindra, Infosys, HCL Tech, TCS, Nestle India, and Maruti declined.
Meanwhile, Brent crude, the benchmark for crude in the international market, fell 1.23 percent to USD 41.88 a barrel.