Stock market trades in green: Sensex gains 200 points in early trade; Nifty tops 11,300

Domestic equity benchmarks rose for a second straight session on Tuesday, led by state-run NTPC Ltd and index heavyweight Reliance Industries Ltd. Other major gainers were ICICI Bank and Infosys, amid sustained foreign fund inflow.

The BSE Sensex was trading 210.93 points or 0.55% higher at 38,261.71, while the NSE Nifty 50 index was up 0.43% at 11,297.30 by 0352 GMT

ONGC was the top gainer in the Sensex pack, rising around 2%.

NTPC rose 1.68% and Reliance Industries added 1.2%. Zee Entertainment Enterprises Ltd slipped 1.26% and was the top loser on the Nifty 50 index.

On the other hand, Tata Steel, PowerGrid, IndusInd Bank, Axis Bank, and SBI were among the laggards.

In the previous session, the Sensex had settled 173.44 points or 0.46% higher at 38,050.78, while the Nifty ended 68.70 points or 0.61% up at 11,247.10.

Largely positive cues from global markets too supported domestic indices, according to traders. Bourses in Shanghai and Hong Kong were trading on a positive note, while Tokyo and Seoul were in the red. Stock exchanges on Wall Street ended with gains in the overnight session.

Meanwhile, the country continued to see a rise in coronavirus cases and deaths. As of Tuesday, the death toll stood at 51,797 and the number of infections crossed 2.70 million.

India`s coronavirus-hit economy may have shrunk by as much as a fourth in the June quarter, according to a poll.

(With agency inputs)