The BSE Sensex and NSE Nifty are likely to open in green on Tuesday tracking SGX Nifty and strong global markets. (Express Photo)
The BSE Sensex and NSE Nifty are likely to open in green on Tuesday tracking SGX Nifty and strong global markets.
At 8.24 am (IST), SGX Nifty was up 037.50 points, or .48 per cent, at 7,865.50.
Asian stocks gained early on Tuesday, taking heart after seeing Wall Street take the attacks in Paris in stride and surge overnight, while expectations for a rate hike by the Federal Reserve in December kept the dollar on a bullish footing. Hang Seng, Nikkei and Shanghai were up over 1.5 per cent.
Wall Street had its strongest session in three weeks on Monday, as investors bet Friday’s attacks in Paris would have little long-term impact on the US economy and corporate earnings. The Dow rose 1.4 per cent and the S&P 500 surged 1.5 per cent.
Back home, the FIIs as per Monday’s data were net sellers in equity segment while there were net buyers in debt segment, according to data released by the NSDL.
In equity segment, the gross buying was of Rs 5564.02 crore against gross sell of Rs 6401.41 crore. Thus, FIIs stood as net sellers of Rs 837.39 crore in equities.
In the debt segment, the gross purchase was of Rs 963.38 crore with gross sales of Rs 788.10 crore. Thus, FIIs stood as net buyers of Rs 175.28 crore in debt.
Sensex closed 149.57 points up at 25,760.10 on Monday, while Nifty settled 44.35 points up at 7,806.60.
Shares of ICICI Bank will remain in focus on Tuesday as the biggest private sector lender by assets, said on Monday it agreed to sell a 6 per cent stake in its life insurance joint venture in two separate deals to billionaire Azim Premji and Singapore state investor Temasek.
(With inputs from agencies)
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