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Sensex opens in green ahead of US Fed policy meet, Nifty near 17,800; Dish TV zooms 9%
The BSE Sensex climbed 672 points to 59,813 in early trade while the NSE Nifty advanced over 200 points to trade above the 17,800-mark. Shares of Dish TV soared 9 per cent after Jawahar Lal Goel quit the company's board, paving the way for Yes Bank to take charge of Dish TV India board.
Sensex opens in green US Fed policy meet, Nifty near 17,800; Dish TV zooms 9
New Delhi: Domestic benchmark indices opened on a positive note on Tuesday ahead of the US Fed meeting which kicks off today. Both the indices were up several points as the market expects another rate hike by the US Fed.
The BSE Sensex climbed 672 points to 59,813 in early trade while the NSE Nifty advanced over 200 points to trade above the 17,800-mark. Shares of Dish TV soared 9 per cent after Jawahar Lal Goel quit the company's board, paving the way for Yes Bank to take charge of Dish TV India board.
IndusInd Bank, Tech Mahindra, HCL Technologies, Bajaj Finserv, Infosys were the top gainer stocks while Can Fin Homes, Granules India, Triveni Turbine, Ceat, Inox Leisure were the top drags.
On the stock-specific front, shares of Mcleod Russel soared over 9 per cent higher as Carbon Resources intends to takeover the company. Ircon International shares also gained over 3 per cent after the company bagged Rs 256 crore work order from Mahanadi Coalfields. Bombay Dyeing scrip rallied 7 per cent as the company mulls rights issue on Thursday, September 22.
All sectors also started in positive territory in line with the indices with Nifty IT and Nifty Media indices leading the charge, gaining over 1 per cent. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged over 1 per cent each.
In international trade, Asian markets enjoyed a much-needed bounce Tuesday, tracking Wall Street's late rally as investors gird themselves for another big Federal Reserve interest rate hike this week, though fears of a recession remain elevated.
Global equities have taken a severe body blow in recent weeks as central banks struggle to rein in stubbornly high inflation, Russia continues its war in Ukraine and China's economic woes darken the mood across trading floors.
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