New Delhi, Aug 12 (HS): The Indian equity markets staged an impressive comeback in early Tuesday trade, shaking off initial weakness to move firmly into positive territory.
The BSE Sensex opened on a soft note, slipping 95.57 points to 80,508.51, and quickly dipped to 80,398.23 amid early selling pressure. However, strong buying interest soon emerged, driving the benchmark higher. By 10 a.m., the Sensex was up 287.63 points, or 0.36%, at 80,891.71.
Similarly, the NSE Nifty 50 began 21.70 points lower at 24,563.35, fell to 24,530.75, and then surged on sustained buying momentum. It was last trading 96.20 points, or 0.39%, higher at 24,681.25.
Heavyweights such as Tata Steel, Hero MotoCorp, Reliance Industries, Tech Mahindra, and Larsen & Toubro led the gains, rising between 0.92% and 1.36%. Meanwhile, Bajaj Finance, Dr. Reddy’s Laboratories, ICICI Bank, Grasim Industries, and HDFC Bank slipped marginally, losing between 0.28% and 0.44%.
Market breadth remained strongly positive, with 1,660 advancing stocks outnumbering 766 decliners out of 2,426 actively traded shares. On the Sensex, 23 of 30 components traded higher, while in the Nifty 50, 37 stocks gained and 13 declined.
The rebound follows Monday’s stellar performance, when the Sensex rallied 746.29 points (0.93%) to close at 80,604.08 and the Nifty surged 221.75 points (0.91%) to end at 24,585.05. Sectoral strength was seen in media, IT, and metal counters, while select private banks and consumer durables lagged.
Early trade on Tuesday signaled resilience in domestic equities, with investors eyeing sustained buying momentum amid mixed global cues.
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Hindusthan Samachar / Jun Sarkar
