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Stock market today: BSE Sensex over 350 points up; Nifty50 above 24,450

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Stock market today : Indian equity benchmark indices, BSE Sensex and Nifty50 , opened in green on Tuesday. While BSE Sensex went above 80,600, Nifty50 crossed 24,450. At 9:23 AM, BSE Sensex was trading at 80,605.31, up 387 points or 0.48%. Nifty50 was at 24,441.45, up 113 points or 0.46%.

Indian equities showed significant gains on Monday, influenced by multiple factors including no fresh developments in India-Pakistan relations, robust corporate performance and positive movement in major stocks like Reliance. Market observers anticipate continued stock-specific movements due to ongoing fourth quarter results announcements.

The S&P 500 remained largely stable on Monday during volatile trading, affected by large-cap stocks as investors anticipated crucial economic indicators and results from major US corporations.

Asian equities opened cautiously as market participants awaited corporate earnings reports and economic data releases this week to assess the impact of President Donald Trump's trade policies.

Gold rates declined on Tuesday due to improving trade relations between the United States and its trading associates, reducing its safe-haven demand, whilst market participants waited for US economic indicators to evaluate the Federal Reserve's strategy.

The US dollar showed minimal recovery on Tuesday from significant losses as uncertainty persisted regarding trade war de-escalation with China, with Treasury Secretary Scott Bessent indicating that China needs to initiate discussions.

Oil prices decreased in early Asian trade on Tuesday as market participants reduced their demand outlook, influenced by the continuing trade dispute between the United States and China, the largest global economies.

Foreign portfolio investors shifted to net purchases of Rs 2,474 crore on Monday. Domestic institutional investors offloaded shares valued at Rs 2,818 crore.
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