Commodities
Indian Markets Ride Global Rally, Crude Price Easing
Indian stock markets rose in early trade on Tuesday, following a rally in global peers and easing crude oil prices. The benchmark indices Sensex and Nifty were trading higher, with the BSE Sensex up 42.51 points to 74,901.50, while the NSE Nifty advanced 39.75 points to 23,454.05.
Among the Sensex firms, HDFC Bank, Adani Ports, Eternal, Interglobe Aviation, Maruti and Asian Paints were the winners. However, HCL Tech, Infosys, Tech Mahindra, Tata Consultancy Services and Sun Pharma were among the laggards.
The global oil benchmark Brent crude traded 0.80 per cent higher at USD 101.1 per barrel. Analysts attributed the positive market sentiment to a slight cooling in crude prices and US 10-year bond yields.