An upward trend in early trade in local markets- CMB College

An upward trend in early trade in local markets

On Tuesday, local markets saw an uptick in early trade. However, gains were limited amid continued outflows of foreign funds and mixed trends in global markets. The 30-share BSE index rose 74.43 points to 66,005.20 in early trade. The Nifty gained 26.15 points to 19,809.55. Power Grid, Titan, Sun Pharma, Reliance Industries, Hindustan Unilever, Asian Paints, Tata Motors, Tech Mahindra, Nestle and ITC were the top gainers among Sensex companies.

Shares of Kotak Mahindra Bank, ICICI Bank, IndusInd Bank and JSW Steel declined. US markets closed on a negative note on Tuesday. Global oil benchmark Brent crude was trading down 0.16 percent at $82.32 a barrel. According to stock market data, on Tuesday foreign institutional investors (FIIs) poured in Rs. 455.59 crore shares were sold.
 

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