India’s share market on Tuesday began moderately higher with Sensex and Nifty opening in green, as FPIs continued to liquidate their positions.
The benchmark BSE Sensex gained 0.41% to open at 33,913.94 and NSE Nifty added 0.12% to begin at 10,391 in early trade. The broader and sectoral indices fell into negative zone in the opening trade with Nifty PSU Bank index losing the most led by the fall in shares of fraud-hit PNB.
Shares of Tata Steel, Bharti Airtel, Dr Reddy’s, Axis Bank, TCS, and Infosys emerged as the notable gainers in the early trades whereas shares of Kotak Mahindra Bank, IndusInd Bank, Adani Ports, and SBI fell over 1 percent.
The BSE Sensex was trading up 133.28 points at 33,907.94 whereas the NSE Nifty was trading 36.50 points higher at 10,414.90 in the later morning hours.
NSE, Nifty PSU Bank index faced major shake for the fifth consecutive day as the shares of PNB extended losses diving over 4% to hit a fresh 52-week low of Rs 111.
Metal stocks were trading higher with NMDC, Vedanta Ltd, JSW Steel, Steel Authority Of India, Hindalco,Tata Steel, Jindal Steel and NALCO rose at a tune of 3 to 1 percent.