Sensex, Nifty open higher but caution persists on global cues

Representational Photo of Stock market by ChatGPT

Mumbai/IBNS-CMEDIA: The Indian stock market opened in the green on Tuesday, with the BSE Sensex starting at 75,826.68 and the NSE Nifty at 23,493.

By 11 am, the Sensex was trading 228 points higher, while the Nifty gained over 100 points, tracking positive cues from Wall Street, the Dow Jones, and Asia-Pacific markets.

The Nifty MidCap and Nifty SmallCap indices were up 0.13 percent and 0.25 percent, respectively.

Among the Nifty50 stocks, Eternal, Tata Steel, and Mahindra & Mahindra emerged as top gainers.

However, investors remained cautious amid persistent geopolitical tensions and continued foreign institutional investor (FII) selling.

In the commodities market, silver prices on the Multi Commodity Exchange (MCX) surged 2 percent to ₹2,61,457 per kg, while gold rose 0.8 percent to ₹1,56,996 per 10 grams.