The Sensex begins 240 points higher and the Nifty up 0.26%

Sensex Gains 240 Points, Nifty Rises by 0.26% at Market Open

Written by: Supriya Kadu

Edited by: Omkar Devadkar

Last Updated: October 15, 2024

Summary: While the National Stock Exchange's Nifty 50 was trading 66 points higher, the BSE's 30-share Sensitive Index (Sensex) opened 240 points, or 0.29 percent, higher.

Following encouraging signals from their Asian counterparts, a record closing for the US S&P 500, and a decline in crude oil prices, the domestic stock exchanges opened Tuesday's trading session higher.

Media and IT stocks led the BSE's 30-share Sensitive Index (Sensex), which opened 240 points, or 0.29 percent, higher. However, in the early trading minutes, the benchmark index of the National Stock Exchange was up 66 points, or 0.26 percent.

Following two weeks of significant withdrawals from foreign institutional investors (FIIs), the markets ended Monday's trading session up 0.7%. The pattern persisted on Monday, as FII were net sellers for the eleventh consecutive session, withdrawing Rs 37.32 billion ($444 million) worth of stocks. In contrast, shares valued at Rs 22.78 billion were purchased by local investors.

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