Sensex gains 671 points to cross 50,250
The Sensex opened up 405.95 points at 49,986, and the Nifty started with a gain of 144.05 points at 15,067 at the beginning of the trading day.
The Indian stock market has been seeing gains for the second consecutive day on Tuesday. Earlier on Monday, the Sensex settled with an increase of 848.18 points at 49,580.73. At the same time, the Nifty closed at 14,923.15 with a rise of 245.35 points.
The Sensex is trading up 671 points at 50,252, and the Nifty is trading with an increase of 190 points at 15,113. Investors are doing all-around buying in the market, with auto and banking stocks leading the way.
M&M shares climbed by 5%
Mahindra & Mahindra’s stock has gained 4.74%. On the other hand, Bharti Airtel shares dropped by 2.19%, and ITC shares slipped by 1%. Reliance, TCS, Infosys, and others have profited over 1%.
The total market cap of the listed companies on the BSE rose to Rs 216.37 lakh crore as against Rs 213.64 lakh crore yesterday.
The Hong Kong Stock Exchange continues its upward trend
Technology, energy, and real estate companies today boosted Hang Seng, the main benchmark index of the Hong Kong Stock Exchange. It closed with gains for the second day in a row, with an increase of 1.42%.
Selective Hong Kong finished at 28,593.81 points. Meanwhile, the Hang Seng China Enterprises hiked by 1.43%.
The four sub-indices of the Hong Kong stock closed in green. Real Estate gained 1.86%, Commerce and Industry added 1.71%, Services profited 1.07%, and Finance increased by 1.03%.
Tech continued the positive trend started on Monday. Meituan rose by 2.28% today, Tencent gained 1.17%, and the Alibaba group added 1.07%.
Energy companies also stood out, with advances of 4.78% for Petrochina, 4.43% for Sinopec, and 3.16% for CNOOC.
The financial sector saw more moderate gains. The conglomerate HSBC hiked by 1.34%, ICBC added 1.21%, and China Construction Bank advanced by 0.96%.
Shenzhou International registered the best result of the day. It surged by 5.78% today.
The equipment manufacturer AAC Technologies also rebounded by 5.26%. Sino Biopharm, the pharmaceutical company, gained 5.22%.
