In the broader markets, the BSE MidCap and SmallCap indices were mixed with the foremr up 0.12 per cent and the latter down 0.08 per cent.
Sensex Today: After clocking tepid gains in early deals, the benchmark indices rose sharply higher in intraday trade on Tuesday amid buying in TCS, Infosys, HCL Tech, Wipro, Tech M, Sun Pharma, and Reliance Industries shares. The S&P BSE Sensex was ruling over 400 points higher to quote around 73,930 levels, while the Nifty50 moved up 99 points to 22,400 levels.
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In the broader markets, the BSE MidCap and SmallCap indices were mixed with the foremr up 0.12 per cent and the latter down 0.08 per cent.
Among sectors, the Nifty IT index added 0.7 per cent, followed by the Nifty Phama index (up 0.4 per cent). On the downside, the Nifty FMCG index slipped 1 per cent.
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Global Cues
Asian stocks nudged higher on Tuesday ahead of the influential U.S. inflation report, while Japanese shares fell and the yen firmed on rising expectations that the Bank of Japan may be ready to exit ultra easy-monetary policy as early as next week.
Tokyo stocks opened lower on Tuesday after a mixed finish on Wall Street, where traders were cautious ahead of fresh consumer inflation data.The benchmark Nikkei 225 index fell 1.20 percent, or 466.90 points, to 38,353.59 in early trade, while the broader Topix index was down 1.45 percent, or 38.62 points, to 2,628.21.
The S&P 500 and Nasdaq ended down slightly on Monday with investors preparing for this week’s consumer and producer price data, which they hope will provide a better idea of whether the Federal Reserve can begin cutting interest rates in the coming months.
