MOHAMMAD ZIYAUDDIN
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Stock market indices rose almost 2 percent during Tuesday's session because international peers strengthened their positions following a one-month delay in Mexico-Canada trade taxation by US President Donald Trump. The month-high 78,583.81 mark for the 30-share BSE Sensex resulted from its 1,397.07 point surge which represented a 1.81 percent increase. The equity benchmark indices jumped by 1,471.85 points during daily trading hours to a 1.90% increase that put prices at 78,658.59. The NSE Nifty rallied 378.20 points or 1.62 percent to establish a position at 23,739.25 which exceeded the previous January 3 levels.
Within the 30-share blue-chip group Larsen & Toubro achieved more than a 5 percent increase. Significant market gains occurred during the day for Adani Ports, IndusInd Bank, Tata Motors and Reliance Industries alongside UltraTech Cement and Asian Paints. The companies Zomato, Nestle, Maruti and ITC Hotels displayed weak performance. Shares in Seoul Tokyo and Hong Kong rose significantly during the Asian trading period.
European, US markets
Most European markets displayed a downward trading trend during the day. The US stock markets finished Monday in a lower position. The price of Brent crude oil recorded a 1.05 percent decrease while settling at USD 75.16 per barrel. Foreign Institutional Investors (FIIs) sold a total number of 3,958.37 crore in Indian equities on the trading day Monday as per exchange data indicates.
On Monday the BSE bellwether index Sensex registered a 319.22 points decline amounting to a 0.41 percent decrease while closing at 77,186.74 points thus ending its five-day upward trend. The Nifty lost 121.10 points or 0.52 percent while ending at 23,361.
