Mumbai: On Tuesday, the second day of the week, the Indian stock market started firmly. In the initial trade, the Sensex was trading at 39,300 points, up over 300 points, while nifty also gained 85 points. The nifty rose to 11,600 points. In early trade, IT sector shares were trading with a decline. While Infosys fell by 2 per cent, TCS shares also fell more than one per cent.
TCS shares rose 7 per cent on Monday, the last trading day. In fact, the company has said that it will consider a proposal to re-purchase the shares this week, after which its shares have seen an edge. The company became the second Indian company after Reliance Industries to achieve a market capitalization of Rs 10 lakh crore.
In recent times, the market has been expected to improve Trump's healthy, US and India's relief package, the results of the second quarter of the current fiscal in India and the Supreme Court's decision on the debt instalment moratorium. That is why the Indian stock market is showing an edge. Stock markets rose for the third consecutive trading day on Monday due to spurt in IT and banking stocks. The Sensex at the Bombay Stock Exchange gained 277 points, or 0.7 points, to close at 177 points. Similarly, the NSE Nifty rose 86.40 points, or 0.76 percent, to 11,503.35.
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RBI's Monetary Policy Meeting will be held on this day