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Stock Market Today: Sensex, Nifty rise on positive global cues; SAIL, MTNL shares gain

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Stock Market Today: On account of positive global sentiments, major Indian indices surged around 0.60 per cent in the opening bell trade session. The BSE Sensex shot up 185 points to 35,616 levels while the NSE Nifty went northward 50 points to 10,521 levels. Bank Nifty index went up 44 points to 22,308 levels.

Giving an idea about the Indian stock market, SEBI registered technical equity analyst Simi Bhaumik said, “Market was trading in a broader range of 10,280 to 10,550. But, overall the sentiment is bullish and any dip should be taken as a buying opportunity.” However, she said that pharma, banking and auto stocks will continue to remain favourite for the investors in the next few trade sessions.

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Among the major Asian markets, the Japanese Nikkei 225 index shed 0.21 per cent, South Korean Kospi went up 1.44 per cent, Hong Kong’s Hang Seng ticked 0.03 per cent lower while the Shanghai index added 0.15 per cent.

On Wall Street, the Dow Jones Industrial Average ended 0.5 per cent higher, the S&P 500 gained 0.43 per cent and the Nasdaq Composite added 0.74 per cent.



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