Share Market Opening Bell! Sensex, Nifty open with healthy gain, banking and financial stocks lead the surge

Indian markets started Tuesday’s session with healthy gains, mostly led by banking and financial stocks amid strong global cues. Sensex opened over 300 points higher and Nifty trading near 15,800.

The BSE Sensex jumped over 322 points or 0.62 per cent to 52694.9 levels, while Nifty50 soar over 100 points or 0.65 per cent to 15794 levels at open on Tuesday. Similarly, the mid-cap index, in the broader markets, grew over 140 points or 0.52 per cent to 27645.5 at open on Tuesday. 

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While Nifty Bank, one of the important indices, zoomed over 280 points or 0.80 per cent to 35480.1 levels at the market open on Tuesday.  

Of 50 scrips on Nifty50, 44 advanced, and 6 declined minutes after the market opened today. ICICI Bank surged most on the index by almost 1.5 per cent, followed by L&T, UPL, Tata Steel, and Tata Motors each surging by around 1 per cent in the early trade of market open on Tuesday. 

Meanwhile, Tech Mahindra and Adani Ports declined most in the early morning trade by over 0.6 per cent, followed by Divis Lab, Infosys and Tata Consumer Products each trading flat but in the red. 

Except for the Nifty IT Index, all other sectoral indices are in the green minutes after the market open. Realty, Auto and Banking & Financial Indices lead to a surge in the market.

US markets on Monday ended at a fresh new all-time high as Dow Jones closes just shy of 35,000 while Nasdaq and S&P 500 hit new highs. Asian markets on Tuesday opened in the green led by the Japanese 'Nikkei' traded higher by 200 points after yesterday's stellar 650 points rise.

Foreign Institutional Investors, one of the important triggers for domestic markets, sold shares worth Rs 745.97 crore in cash and bought Rs 447.42 crore in index futures on Monday.

The market on Monday had a very volatile session, as during mid-session Nifty gave up all gains to trade in the red. However, Midcaps continue to surge with the realty, textile stocks seeing huge gains.