Stock Market Update: Sensex Up Over 150 Points, Nifty Above 23,550; Nifty SmallCap Gains 1% – News18

Indian equities opened higher on Tuesday, influenced by buzzing Asian markets.

BSE Sensex soared 180 points or 0.23 per cent to 77,518.89 levels. NSE’s Nifty50, on the other hand, soared 46 points or 0.20 per cent to 23,584.25 levels.

UltraTech Cement, SBI were the top gainers while Asian Paints, Bajaj Finserv were the top laggards on BSE.

Similarly, on NSE, Divi’s Labs, UltraTech Cement were the top gainers while Asian Paints, HCLTech were the top laggards.

Broader markets were trading higher, outperforming benchmark indices. Nifty SmallCap rose 0.90 per cent while MidCap was trading 0.51 per cent higher.

Sectorally, Nifty Media led with a gain of over 1 per cent, followed by Pharma (up 0.54 per cent).

Market View: Anand James, Chief Market Strategist, Geojit Financial Services

Dips came too early in the week to have triggered sustainable weakness as they attracted bargain buying to push Nifty back into the neutral territory by close of the day, yesterday. And yet, the 23580-630 region pencilled down yesterday as the upside marker, remains intact, suggesting that the prospects of a deeper fall towards 23100-22700 is very much alive. But, for now, expect consolidation within the 23350- 630 band, with only feeble expectations of an upside break towards 23960-24130.