Sensex, Nifty Open Higher; FIIs Net Buyers in June
IIE Digital Desk : Indian stock markets opened higher on Tuesday, tracking positive cues from Asian peers. The Sensex was trading 150 points higher at 53,000, while the Nifty was up 50 points at 15,800. Investors were also cheered by the positive start to the monsoon season, which is expected to boost agricultural output and rural demand.
The rupee was trading stronger against the US dollar at 75.30. Among the stocks, Adani Enterprises, IRCTC, HDFC, Airtel, and Axis Bank were among the top gainers. On the flip side, Infosys, TCS, and Reliance Industries were among the top losers.
FIIs were net buyers in the Indian market in June, buying shares worth ₹18,000 crore. The market is expected to remain volatile in the near term, as investors will be closely tracking the progress of the monsoon season and the US Federal Reserve's monetary policy.
The Indian stock markets opened higher on Tuesday, tracking positive cues from Asian peers. The Sensex and the Nifty were trading higher by 150 points and 50 points, respectively. Investors were also cheered by the positive start to the monsoon season.
The rupee was trading stronger against the US dollar at 75.30. Among the stocks, Adani Enterprises, IRCTC, HDFC, Airtel, and Axis Bank were among the top gainers. On the flip side, Infosys, TCS, and Reliance Industries were among the top losers.
FIIs were net buyers in the Indian market in June, buying shares worth ₹18,000 crore. The market is expected to remain volatile in the near term, as investors will be closely tracking the progress of the monsoon season and the US Federal Reserve's monetary policy.
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