India’s equity benchmark rose on Tuesday, led by the rise of major players such as State Bank of India, ITC, Reliance Industries, Infosys, Bajaj Finance and Tata Consultancy Services amid positive signals around the world. Sensex has rallied to 471 points and the Nifty 50 is trading firmly above the key psychologically important 17,150 level. Asian stock markets traded in positive territory on Tuesday as investors became cautiously optimistic that the new Omicron variant is unlikely to cause widespread global economic disruption to exacerbating the coronavirus pandemic.
As of 9:21 a.m., Sensex was up 397 points to 57,657 and the Nifty 50 index was up 126 points to 17,180.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.52% higher on Tuesday.
In Australia, the S&P/ASX200 was up 1.15% while Japan’s Nikkei traded 1.2% higher at the start of the session.
Hong Kong’s Hang Seng index underperformed, falling 0.25% while China’s blue chip CSI 300 index gained 0.13%.
Going home, buying was broad-based as all 15 industry measures compiled by the National Stock Exchange traded higher, led by the Nifty IT index up nearly 2%.
