Equity benchmark indices showed smart gains during early hours on Tuesday with banking and financial stocks seeing buying interest.
At 10:15 am, the BSE S&P Sensex was up by 186 points or 0.34 percent at 54,589 while the Nifty 50 ticked higher by 46 points or 0.29 percent to 16,305.
Except for Nifty FMCG, PSU bank, and realty which dipped slightly, all sectoral indices were in the green with Nifty financial service up by 0.8 percent, private bank by 0.7 percent, and IT by 0.4 percent.
Among stocks, Kotak Mahindra Bank gained by 2 percent to Rs 1,815.90 per share while Axis Bank was up by 0.9 percent, ICICI Bank by 0.7 percent, IndusInd Bank by 0.6 percent, and HDFC Bank by 0.6 percent.
HDFC, HDFC Life, Bajaj Finance, Reliance Industries, Titan, Hindalco, and Bharti Airtel too were in the green.
However, those which lost were Shree Cements, Grasim, Hero MotoCorp, Nestle India, ITC, Hindustan Unilever, JSW Steel, and Cipla.
Meanwhile, Asian stocks started off on a weak footing as persistent concerns over the spread of the Delta variant of coronavirus dented sentiment and triggered falls in metals and oil prices.
MSCI’s broadest index of Asia Pacific shares outside Japan declined 0.4 percent with Korea’s Kospi index down 0.56 percent. Japan’s Nikkei was up 0.9 percent. (ANI)
