Stock Market Updates: Sensex-Nifty again witnessed a tremendous rise

Stock Market Updates: Tuesday’s opening of the Indian benchmark stock indexes was positive, following Wall Street’s overnight advances, which saw the S&P 500 and Dow Jones closing at all-time highs.

The BSE Sensex was up 294 points, or 0.36 percent, at 82,267 at opening bell, while the Nifty 50 was up 75 points, or 0.3%, at 25,203.

Worldwide Cues

China led losses on Tuesday in the Asia-Pacific region’s markets, which were mixed overall.

Both the CSI 300 and the Shanghai Composite had 0.55 percent declines. In a similar vein, the Hang Seng index in Hong Kong fell 0.29 percent despite a report from the Chinese media source Caixin Global that China may issue Treasury bonds worth an extra $846.5 billion over the course of three years in an effort to support a stronger economy.

Aside from that, traders in the area evaluated data from South Korea, indicating a $6.7 billion trade surplus in September as opposed to $3.7 billion in August.

The Kospi in South Korea increased by 0.08 percent, while the S&P/ASX 200 in Australia had a 0.75 percent increase.

The broad-based Topix increased by 0.8 percent, while Japan’s Nikkei 225 gained 1.1%.

During limited trading on Columbus Day, US equities closed the day higher thanks to a surge in technology companies, but oil prices fell as investors read between the lines of signals of economic slowdown in China and braced themselves for a series of high-profile corporate results.

Both the blue-chip Dow and the S&P 500 achieved new closing record highs.