Sensex and Nifty open higher; M&M Financial, Tech Mahindra among top gainers

AgenciesUpdated: Tuesday, July 28, 2020, 10:34 AM IST
article-image
Market/ representational image |

Indian equity benchmarks Sensex and Nifty opened higher in early trade on Tuesday tracking positive cues from global markets.

The BSE Sensex was trading 182.41 points or 0.48 per cent higher at 38,117.14; while the NSE Nifty was up 50.80 points or 0.46 per cent at 11,182.60.

M&M Financial is the top gainer with a jump of almost 4 per cent. Today, the rights issue of the company opens. Tech Mahindra, Indusland Bank, Axis Bank among others were the gainers.

On Monday, the 30-share Sensex had settled 194.17 points, or 0.51 per cent, lower at 37,934.73; and the broader Nifty had ended 62.35 points, or 0.56 per cent, down at 11,131.80.

Asian shares were also trading higher tracking cues from upbeat Wall Street.

Meanwhile, exchange data showed that foreign institutional investors sold equities worth Rs 453.31 crore on a net basis on Monday.

Global oil benchmark Brent crude was trading 0.27 per cent higher at USD 44.02 per barrel.

Investors, however, continued to pay a close attention to constantly rising COVID-19 cases globally and US-China friction, experts said.

Meanwhile, the number of cases around the world linked to COVID-19 has crossed 1.66 crore and the number of deaths has topped 6.6 lakh.

In India, the death toll due to the disease has surpassed 33,000-mark and the number of infections neared 15 lakh.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Watch Video: Portion of 100-yr-old building in Kalbadevi falls, no one injured

Watch Video: Portion of 100-yr-old building in Kalbadevi falls, no one injured

Mumbai Rains: From diverted BEST bus routes and traffic snarls to local train status - Check latest...

Mumbai Rains: From diverted BEST bus routes and traffic snarls to local train status - Check latest...

Maharashtra: Metro car shed in Aarey, Jalyukt Shivar scheme to resume

Maharashtra: Metro car shed in Aarey, Jalyukt Shivar scheme to resume

Received a love letter from Income Tax, says NCP chief Sharad Pawar

Received a love letter from Income Tax, says NCP chief Sharad Pawar

Mumbai: Bombay HC permits Yash Birla to travel to UK

Mumbai: Bombay HC permits Yash Birla to travel to UK