(RTTNews) – Indian stocks opened on a note Tuesday morning, rebounding sharply after 4 consecutive days of losses, following gains in global markets amid encouraging economic knowledge in Europe, China and the United States.
In addition, short policy and the search for reduced prices after recent giant losses are contributing to the sharp decline in the market. Investors, in addition to reacting to quarterly earnings reports, are also awaiting the Financial Policy Announcement from the Reserve Bank of India, scheduled for Thursday.
The S-P BSE Sensex benchmark index, which rose to 37,324.70 after a smart start, recently rose 332.81 emissions or 0.9% to 37,272.41. The largest NSE Nifty index rose 102 emissions, or 0.94%, to 10,993.60.
On Monday, Sensex fell 1.77%, while Nifty closed with a drop of 1.57%.
Zee Entertainment Enterprises tops the list of gainers in the Nifty 50, rising about 5 percent. HDFC Bank is rising nearly 4 percent, while Hero Motocorp, Coal India and Reliance Industries are gaining 2 to 2.5 percent.
Hindalco, Britannia Industries, Maruti Suzuki, ONGC, HDFC Life and Asian Paints increased 1.5 to 2%.
IndusInd Bank has dropped by 3%. Tech Mahindra, HCL Technologies, Infosys and UltraTech Cement have dropped from 1.2 to 2%.
Energy shares Castrol India, Coal India, Adani Gas and Aban Offshore rose by 1 to 2.5%.
Exide Industries reported a net loss of Rs 13.56 million in the first quarter, compared to a net profit of Rs 161.58 million a year ago. Inventory gains about 3.4% despite weak results.
In economic news, the Three-Day Financial Policy Assembly of the Reserve Bank of India begins today. The central bank’s financial policy committee is expected to keep interest rates unchanged amid uncertainty about the inflation outlook. Monetary policy will be announced on Thursday.