Stock Market Updates: Sensex up 450 points, Nifty up 23,550; ONGC gained 3%

Indian benchmark equity indices BSE Sensex and Nifty 50 rose at the open on Tuesday amid mixed global signals.

At the pre-open, the BSE Sensex was up 209 points, or 0.27 percent, at 77,54, while the Nifty 50 was up 75.75 points, or 0.32 percent, at 23,529.

Global signals

Markets in the Asia-Pacific region were higher on Tuesday, tracking gains on Wall Street, as investors analyzed discussions from Chinese monetary policymakers at an investment summit in Hong Kong.

Mainland China’s CSI300 was up 0.4 percent, while the Shanghai Composite was trading 0.2 percent ahead and Hong Kong’s Hang Seng index was trading up 0.61 percent.

Australia’s S&P/ASX 200 was ahead 1.02 percent, and Japan’s Nikkei 225 rose 0.37 percent, while the Topix added 0.65 percent. South Korea’s Kospi and Kosdaq were trading around a flatline.

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The benchmark S&P 500 and Nasdaq Composite were higher, with gains led by energy, communications services and consumer discretionary stocks. The Dow Jones Industrial Average was dragged down by material stocks.

The Dow fell 0.13 percent to 43,389.60, the S&P 500 gained 0.39 percent to 5,892.62 and the Nasdaq gained 0.60 percent to 18,791.81.

European stocks were led lower by real estate and utility stocks. The STOXX 600 index closed down 0.06 percent. MSCI’s gauge of shares worldwide rose 2.99 points, or 0.35 percent, to 845.60.

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