Better Tuesday! Surprise rally in Sensex

Although Monday a bit lazy, bulls managed to stage a comeback on Dalal Street on Tuesday, helping the S&P BSE Sensex to surge over 500 points while the Nifty50 reclaimed the crucial level at 8600 in afternoon trade.  Positive global cues helped the Nifty50 regain its crucial level of 8600, which has been a key resistance level for the index. A close above this level will fuel further bullish momentum. The Nifty50 rose over 100 points to reclaim the psychological level of 8650, led by gains in the shares of ICICI Bank BSE 4.58%, Adani Ports, HDFC, Tata Steel BSE 3.46% and Aurobindo Pharma BSE 3.02%.  The action on Dalal Street was broad based, as S&P BSE Midcap & Smallcap indices simultaneously rose over 1% each. 

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Sensex Nifty Edge Up - Latest Stock Market Updates

After major losses in stock market yesterday, Equity benchmarks opened in green zone today with minor leads, struggling to have more higher gains. Currently, Sensex is 43 points up at 27687 while Nifty is just 8 points up at 8581. Indian sectors are trading mixed today. However Midcap and Smallcap sectors are trading higher. BSE Smallcap has hiked 72 points at 13141, BSE Midcap has gained 72 points at 13384 and Nifty Midcap is live at 18995 with 75 points hike. BSE Bankex is trading 54 points up at 21693 and Bank Nifty is 40 points up at 18995.

Asian Market Updates: Nikkei is 73 points up at 16847, Hang Seng jumped 157 points up at 23189 while Shanghai Composite lost 16 points at 3045.

Commodity sector is trading in positive zone with minor leads. MCX Gold is just 9 points up at 29718 while Silver has hiked 50 points at 41940. Crude oil gained 30 points at 3395.

Currently Rupee is trading higher by 8 paise at 66.85 against US Dollar.