Sensex Today Live: Indian benchmark indices showed a positive trend on Tuesday, with the Sensex and Nifty opening higher. The Sensex was up 64.79 points, or 0.09%, at 74,736.07, while the Nifty was up 32.35 points, or 0.14%, at 22,675.75 at the opening bell.
Investors are optimistic about today’s trading session, with various factors contributing to the positive outlook. Yesterday, Nifty surged by 1%, led by Bank Nifty, which saw a 2.54% increase. Private banks like ICICI Bank, IndusInd Bank, and AXIS Bank recorded significant gains.
Factors such as net buying by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), WTI oil prices slipping below $83 a barrel, and anticipation of a pre-election rally are boosting market sentiment. The focus is also on the upcoming FOMC meeting decision on May 1 and the April jobs report on May 3.
Corporate India’s Q4 results are coming in, with developments like NMDC raising ore prices, Poonawalla Fincorp reporting robust profits, and Tata Chemicals facing losses. In terms of trading recommendations, there are bullish sentiments on select stocks, with IRCTC being highlighted as a stock to buy for momentum play investments.
In other news, GMR Airports Infrastructure is set to acquire an 8.40% stake in airport IT services provider Waisl for ₹56.66 crore, as per a share purchase agreement with Utthishta Virat Fund.
Overall, the market is poised for a positive trading session today, with investors keeping a close watch on key developments and earnings reports.
