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Stock Market Updates: Sensex Rises Over 100 Points, Nifty Nears 22,700; M&M Up 2%

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Equity benchmark indices opened higher on Tuesday, tracking global peers.

Sensex Today: Equity benchmark indices opened higher on Tuesday, tracking global peers.

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At 9:15 AM, S&P BSE Sensex was up 0.17 per cent at 74,800.89 levels while NSE Nifty 50 was up 0.13 per cent at 22,672.70 levels.

Among individual stocks, M&M was the top gainer on both BSE and NSE, after the company launched XUV 3XO, a compact SUV, at Rs 7.49 lakh.

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In the broader markets, Nifty SmallCap and MidCap were up 0.38 and 0.34 per cent, respectively.

Sectorally, Nifty Auto led with 1.57 per cent gains, followed by Nifty Realty (up 0.75 per cent).

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Global Cues

Last night, Dow, Nasdaq and the S&P 500 gained 0.3-0.4 per cent in the run-up to the US Fed meeting. The 10-year bond yields dipped a wee bit to 4.612 per cent.

Near home in Asia, Nikkei surged 1.6 per cent. Hang Seng and Kospi gained up to 0.6 per cent. Straits Times and Taiwan traded on a flat note. Japan’s yen was off the record lows on speculation of Japanese banks intervention. Yen had dropped to 34-year lows on Monday.

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