The domestic benchmark indices opened higher on Tuesday, with buying interest seen across sectors including energy, PSE, auto, IT, PSU bank, financial services, pharma, FMCG, metal, and realty.
At 9:27 am, the Sensex was trading at 78,292.85, up by 327.86 points or 0.42 per cent, while the Nifty stood at 23,744.85, gaining 128.80 points or 0.55 per cent.
On the National Stock Exchange (NSE), 1,724 stocks were in the green, while 487 were trading in the red.
Nifty Bank rose by 258.50 points or 0.52 per cent to 50,180.50. The Nifty Midcap 100 index was up 370.25 points or 0.66 per cent at 56,737.20, while the Nifty Smallcap 100 index gained 108.90 points or 0.59 per cent to reach 18,534.15.
Market experts suggested that Monday’s 1.6 per cent fall in Nifty might have been an overreaction to concerns about the HMPV virus. The index had corrected by 388 points, driven largely by short-selling efforts that capitalized on negative sentiment.
In the Sensex pack, Titan, HCL Tech, IndusInd Bank, Bajaj Finance, Adani Ports, Bajaj Finserv, Nestle India, PowerGrid, and Tech Mahindra were the top gainers, while Zomato, M&M, and Tata Motors were the leading losers.
U.S. markets showed mixed trends, with the Dow Jones edging lower and the Nasdaq posting a strong gain of 1.24 per cent.
In Asia, Hong Kong and China were trading in the red, while Seoul, Jakarta, Bangkok, and Japan were in positive territory.
Foreign institutional investors (FIIs) sold equities worth Rs 2,575 crore on January 6, while domestic institutional investors bought equities worth Rs 5,749 crore on the same day.