Mumbai Stock Market Opens Higher with Sensex and Nifty Gains
The Mumbai stock market started the day positively on Tuesday. The Sensex rose by 166.24 points, opening at 77,507.32, while the Nifty increased by 41.55 points, opening at 23,579.40.
Sector Performance
Bank Nifty gained over 200 points, reaching a new all-time high. Sectors such as banks, auto, financial services, media, metal, and pharma opened in green. However, FMCG, IT, and realty sectors opened in red.
Top Gainers
The top gainers included Ultratech Cement, HDFC Bank, and SBI.
Market Sentiment
Overall, market sentiment remains cautious. Technical indicators suggest potential upward movement if key resistance levels are breached, while maintaining a supportive stance at lower levels.
Previous Day’s Performance
On June 24, the BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45% decline. The NSE Nifty 50 dropped by 99.75 points to 23,401.35, marking a 0.42% decrease.
Global Market Overview
Asia-Pacific markets showed mixed results. The Shanghai Composite in China was slightly down, while the Asia Dow was up by 0.26%. Japan’s Nikkei 225 was down by 0.06%, and the Hang Seng in Hong Kong remained flat.
Commodities and Currency
WTI crude oil prices were up by 0.13% at USD 81.86, and Brent was up by 0.18% at USD 86.17. The US Dollar Index (DXY) fell by 0.04% to 105.47 against a group of six important currencies.
