NEW DELHI: Tracking firm cues from global peers, the benchmark equity indices kicked off Tuesday’s session in the green. The 30-share Sensex rose nearly 207 points to 35,168, while the 50-share Nifty index added 70 points to 10,383.

As many as 26 stocks in the Sensex pack traded in the positive territory with Tata Steel gaining the most, up 3.50 per cent. It was followed by Axis Bank (up 1.82 per cent), IndusInd Bank (up 1.71 per cent), Bajaj Finance (up 1.65 per cent) and IndusInd Bank (up 1.54 per cent).

On the other hand, TCS, Sun Pharma, Infosys and HDFC Bank were down between 0.30 per cent and 1 per cent.

Market participants will be keenly looking ahead to Prime Minister Narendra Modi’s address at 4 pm today in which he is expected to speak on the Unlock 2-phase as well as the government’s decision to ban 59 Chinese mobile apps amid border tensions with China.

Among the sectoral indices on BSE, the Metal, Realty and Auto index were up over 1 per cent each. On the other hand, IT and TECk were down 0.46 per cent and 0.17 per cent, respectively.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, “Positive chart pattern of higher tops and bottoms is intact and any declines from here could be a buying opportunity above 10,000 levels. Hence, the sharp trended decline is not visible in Nifty in the short term.”

The US markets ended higher on Monday as the sentiment boost from upbeat housing data outweighed the threat of rising Covid-19 infections.

All the Asian markets were up in the morning trade after data showed China’s manufacturing sector grew more than expected in June, a hopeful sign for a global economy still struggling to recover from the sweeping impact of the coronavirus crisis.

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