Equity indices reversed early losses in early trade on Tuesday after shares in Wall Street jumped to their biggest day drop in more than three decades overnight.
At 10:15 am, the BSE S&P Sensex was up by 435 points (1.39%) to 31,825 while the Nifty 50 edged higher by 145 points (1.57%) to 9,342. Most sectoral indices at the National Stock Exchange were in the green with Nifty pharma up by 3.1% and metal by 2.3%.
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Investors said the Reserve Bank of India’s (RBI’s) assurance on liquidity front, fall in crude oil prices and reports on coronavirus will remain major triggers for the session.
Among stocks, Yes Bank surged ahead by 30.32% to Rs 48.35 per share a day after RBI Governor Shaktikanta Das said the moratorium on crisis-hit Yes Bank imposed will be lifted on Wednesday at 6 pm. Sun Pharma gained by 5.3%, Adani Ports by 4.8% and Bharat Petroleum Corporation by 4.6%.
The other prominent gainers were HCL Technologies, Coal India, Eicher Motors and ONGC and those in red were UPL, Bharti Infratel, Bajaj Finserv and Kotak Mahindra Bank.
Meanwhile, most Asian shares fell a day after Wall Street’s jump.
(With ANI Inputs)
