Elsewhere in Asia, the bastions in Hong Kong, Seoul and Tokyo were trading on a positive note in mid-season deals, while Shanghai was in the red.
The equity benchmark Sensex surged 200 points in early trade on Tuesday, leading to an increase in the shares of the twins of the index Major Reliance Industries, ICICI Bank and HDFC.
The 30-share BSE index was up 236.71 points, or 0.49%, trading at 48,120.09.
Similarly, the broader NSE Nifty rose 68.55 points or 0.48% to 14,379.35.
ONGC topped M&M, PowerGrid, Bajaj Finance, L&T, ICICI Bank and Bajaj Finserv with over 3% gain in the Sensex pack.
On the other hand, TCS, Tech Mahindra, Infosys, Drs. Reddy’s and HCL Tech were among the losers.
The Sensex lost 1,707.94 points or 3.44% to close at 47,883.38 and the Nifty closed 524.05 points or 3.53% at 14,310.80 in the previous session.
As per provisional exchange data, foreign institutional investors were net sellers in the capital market as they sold shares worth ₹ 1,746.43 crore on Monday.
Binod Modi Head-Strategy of Reliance Securities said that domestic equity is looking moderately good at the moment.
“While the sharp rise in COVID-19 daily affairs in the country and the prospect of large economic sanctions have influenced investor sentiment, 4QFY21 started on a strong note with TCS, encouraging strong earnings performance with encouraging management comments. Provides. This will help IT stocks to remain in focus in the near term.
US equities ended with moderate losses overnight before the March inflation data and quarterly earnings of major lenders.
Elsewhere in Asia, the bastions in Hong Kong, Seoul and Tokyo were trading on a positive note in mid-season deals, while Shanghai was in the red.
Meanwhile, international oil benchmark Brent crude was trading up 0.49% at $ 63.59 a barrel.
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