Sensex climbs more than 150 points at the start of the transaction

Maruti was the Sensex pack’s top gainer, climbing 1.83%.

Benchmark Sensex shares jumped more than 150 points when trading opened on Tuesday February 8, 2022, trailing gains by index majors Maruti, Titan and Bajaj Finserv amid a mixed trend in world markets.

Starting on a positive note, the BSE gauge was trading 156.46 points or 0.27% higher at 57,777.65 at the start of trade. Similarly, the Nifty jumped 48.75 points or 0.28% to 17,262.35.

Maruti was the top gainer in the Sensex pack, climbing 1.83%, followed by Titan, Bajaj Finserv, Bajaj Finance, Dr Reddy’s, Tata Steel and Asian Paints.

On the other hand, PowerGrid, TCS, SBI, NTPC and Infosys were among the losers.

In the previous session, the 30-stock index closed 1,023.63 points, 1.75% lower, at 57,621.19. Similarly, the NSE Nifty fell 302.70 points or 1.73% to 17,213.60.

“Nifty has quickly reversed recent gains and is casting doubt on the strength of the upside rally. The outcome of the February 10 RBI MPC meeting could halt or accelerate this decline.

“Owl to consolidate”

“Over the next few sessions, Nifty may slow its rate of decline and consolidate,” said Deepak Jasani, head of retail research, HDFC Securities, adding that in the near term, 17,062 to 17,410 could to be Nifty’s band.

Elsewhere in Asia, stock exchanges in Hong Kong and Shanghai were trading with losses in mid-term trading, while Seoul and Tokyo were in the green.

The Dow Jones Industrial Average made a tiny gain in choppy trading on Monday, while the S&P 500 and Nasdaq Composite indices each closed lower as investors digested a batch of quarterly results and focused on reading consumer price index this week,” Jasani noted.

Stocks in the United States closed on a mixed note during the overnight session.

Meanwhile, the international oil benchmark, Brent, fell 0.22% to $92.49 a barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth ₹1,157.23 crore on Monday, according to stock market data.

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