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NEW DELHI: Indian shares opened higher on Tuesday, aided by broad-based gains led by financials amid sustained momentum.
At 9:17 am, the S&P BSE Sensex gained 0.59% to 65,586.60 while the Nifty index rose as much as 0.47% to 19,413.50.
Both the benchmarks have hit record highs for four sessions in a row.
On Monday, for the first time, the index breached the 65,000 mark, hopping from the 64,000 level in just one session, even as the value of Indian stocks on the BSE crossed Rs 300 lakh crore in just over two years after topping the Rs 200-lakh-crore milestone.
The sensex recorded an all-time high for the third session in a row on Monday as it rose nearly 1%, or 486 points, to 65,205, led by gains in Reliance, ITC and the HDFC twins. The sensex breached the 65,000-level early in the day on the back of positivecues from US markets.
According to analysts, sustained buying by foreign investors is a key reason for Indian stocks’ resurgence in recent months. In the first six months of 2023, foreign institutional investors have net invested Rs 88,256 crore in equities. In 2022, these investors had sold over Rs 1. 2 lakh crore worth of stocks.
At 9:17 am, the S&P BSE Sensex gained 0.59% to 65,586.60 while the Nifty index rose as much as 0.47% to 19,413.50.
Both the benchmarks have hit record highs for four sessions in a row.
On Monday, for the first time, the index breached the 65,000 mark, hopping from the 64,000 level in just one session, even as the value of Indian stocks on the BSE crossed Rs 300 lakh crore in just over two years after topping the Rs 200-lakh-crore milestone.
The sensex recorded an all-time high for the third session in a row on Monday as it rose nearly 1%, or 486 points, to 65,205, led by gains in Reliance, ITC and the HDFC twins. The sensex breached the 65,000-level early in the day on the back of positivecues from US markets.
According to analysts, sustained buying by foreign investors is a key reason for Indian stocks’ resurgence in recent months. In the first six months of 2023, foreign institutional investors have net invested Rs 88,256 crore in equities. In 2022, these investors had sold over Rs 1. 2 lakh crore worth of stocks.
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