The Indian equity benchmarks jumped on Tuesday led by gains in heavyweights like State Bank of India, ITC, Reliance Industries, Infosys, Bajaj Finance and Tata Consultancy Services amid positive global cues. The Sensex rose as much as 471 points and Nifty 50 index was trading firmly above its important psychological level of 17,150. Asian share markets were trading in positive territory on Tuesday as investors became cautiously optimistic the new Omicron variant might not cause a widespread global economic disruption to worsen the coronavirus pandemic.
As of 9:21 am, the Sensex was up 397 points at 57,657 and Nifty 50 index climbed 126 points to 17,180.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.52 per cent higher on Tuesday.
In Australia, the S&P/ASX200 was up 1.15 per cent while Japan’s Nikkei was trading 1.2 per cent higher early in the session.
Hong Kong’s Hang Seng Index underperformed, down 0.25 per cent while China’s blue chip CSI 300 index was up 0.13 per cent.
Back home, buying was visible across the board as all the 15 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty IT index nearly 2 per cent gain.