Markets Remain Heavily Volatile, Sensex Gains Over 150 Points, Nifty Tests 25,550

The Indian markets began Tuesday on a volatile note. In the pre-open session, the BSE Sensex traded above 83,600, inching up less than 10 points, while the NSE Nifty50 crossed 25,550, jumping close to 20 points, as of 9:05 AM.

As markets opened, the Sensex climbed more than 120 points, and traded above 83,700, while the Nifty inched up nearly 10 points and stood above 25,500, as of 9:15 AM. However, soon indices pared their gains and traded slightly higher in the opening hour.

Broader Markets

On the 30-share Sensex platform, Asian Paints, BEL, Bharti Airtel, Tata Motors, and Reliance stood among the gainers. On the other hand, the laggards in the session included Axis Bank, Trent, Tata Steel, Sun Pharma, and Maruti. 

In the broader markets, the indices painted in green. The Nifty Microcap250 stood out and climbed 0.59 per cent in the session so far. Sectorally, the Realty and Healthcare indices dominated the gainers and jumped 0.68 per cent and 0.34 per cent in the early trading hour. Meanwhile, the Consumer Durables and PSU Bank indices declined 0.41 per cent and 0.30 per cent respectively.

The GIFT Nifty remained marginally in green on Tuesday morning, indicating a muted day ahead for the markets. 

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Markets In Previous Trading Session

Notably, the Indian markets dragged down on Monday and erased the gains to a good extent made in trading last week. Both Sensex and Nifty ended the 4-day rally and settled in red. The Sensex ended trading just over 83,600, declining more than 450 points, while the Nifty closed the session at 25,517, losing over 120 points. The domestic currency also depreciated 23 paise to settle at 85.73 (provisional) against the US dollar on Monday, amid pressure from domestic markets and a recovery in crude oil prices.

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