Stock Market Updates: Sensex Rises Over 250 Points, Nifty Above 24,200; ONGC Up 2%

Indian benchmark equity indices BSE Sensex and Nifty 50 opened higher on Tuesday, amid strength in the US markets.

At the opening bell, the BSE Sensex was at 79,746, up 250 points, or 0.

31 per cent, while the Nifty 50 was at 24,225, up 84.

5 points, or 0.

35 per cent.

As foreign institutional investors (FIIs) continue to sell India and buy US and, to a lesser extent, Chinese stocks, following Donald Trump’s victory, the performance of domestic firms during the September quarter will be at the forefront of worries for investors.

Global Cues That apart, Wall Street kicked off a busy week on Monday by holding on to gains from the surge in stocks that followed Donald Trump’s US election victory, while oil prices declined and bitcoin raced to a new record high.

Markets in the Asia-Pacific region were mixed on Tuesday, amid a cautious mood there.

Australia’s S&P/ASX 200 was 0.

42 per cent lower.

Japan’s Nikkei 225 added 0.

57 per cent while the Topix rose 0.

86 per cent.

South Korea’s Kospi was down by 0.

73 per cent, while the Kosdaq Index dropped 1.

41 per cent.

Hong Kong’s Hang Seng index were down 0.

49 per cent, while China’s CSI300 was ahead by 0.

66 per cent and the Shanghai Composite was lower by 0.

04 per cent.

In the US equity markets, the Dow Jones Industrial Average rose 0.

7 per cent, to 44,293, the S&P 500 rose 0.

1 per cent, to 6,001 and the Nasdaq Composite was little changed at 19,298.

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