Sensex Rises 200 Points, Nifty Near 25,000; Paytm Up 4%

Indian equity benchmark indices BSE Sensex and Nifty 50 opened higher on Tuesday, following overnight gains in the US markets that closed sharply higher on Monday, even as investors awaited key data and actions from central banks.

At the opening bell, the BSE Sensex was up 228 points, or 0.28 per cent higher at 81,788, while the Nifty50 was at 24,999, up 63 points, or 0.25 per cent higher.

Suzlon Energy shares rise over 3% in early morning trade. The company announced yesterday (June 9) that it had received India’s largest wind energy order of 1,166 MW from NTPC Green Energy, the renewables arm of NTPC.

Global Cues

US stocks closed sharply higher on Monday and the dollar strengthened. All three major US stock indices surged more than 1 per cent, with the S&P 500 and the Dow ending a four-session losing streak, bouncing back from their biggest weekly percentage losses since March 2022. The tech-heavy Nasdaq also staged a comeback.

The strong showing overnight in the US were driving Asia-Pacific markets higher on Tuesday. Japan’s Nikkei 225 was up 0.52 per cent, while the broad-based Topix was 0.65 per cent higher. Australia’s S&P/ASX 200 had gained 0.69 per cent, and South Korea’s Kospi index was up 0.17 per cent, while the small-cap Kosdaq also rose 0.18 per cent.

Meanwhile, Hong Kong’s Hang Seng index futures were at 17,216, higher than the HSI’s last close of 17,196.96.