Sensex Up 450 Points, Nifty Above 23,550; ONGC Rises 3%

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Indian benchmark equity indices BSE Sensex and Nifty 50 climbed at open on Tuesday, amid mixed global cues.

At pre-open, the BSE Sensex was 209 points, or 0.27 per cent higher at 77,54, while the Nifty 50 was at 23,529, up 75.75 points, or 0.32 per cent.

Global Cues

Markets in the Asia-Pacific region were higher on Tuesday, tracking Wall Street gains, even as investors parsed discussions from Chinese financial policymakers’ at an investment summit in Hong Kong.

Mainland China’s CSI300 was 0.4 per cent higher, while the Shanghai Composite was trading ahead by 0.2 per cent, and Hong Kong’s Hang Seng index was trading higher by 0.61 per cent.

Australia’s S&P/ASX 200 was ahead by 1.02 per cent, and Japan’s Nikkei 225 was up 0.37 per cent, while the Topix rose 0.65 per cent. South Korea’s Kospi and Kosdaq traded around the flatline.

The benchmark S&P 500 and Nasdaq Composite finished higher, with energy, communication services, and consumer discretionary stocks driving gains. The Dow Jones Industrial Average was dragged down by materials stocks.

The Dow fell 0.13 per cent to 43,389.60, the S&P 500 rose 0.39 per cent to 5,892.62 and the Nasdaq rose 0.60 per cent to 18,791.81.

European stocks finished lower, weighed down by real estate and utilities stocks. The STOXX 600 index closed down 0.06 per cent. MSCI’s gauge of stocks across the globe rose 2.99 points, or 0.35 per cent, to 845.60.

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