SENSEX jumps over 500 points, NIFTY50 opens at 23,576 as Tech Mahindra, HCL Tech, among other IT stocks lead gains

Investors were also focused on the marginal recovery in Asian market indices like Japan’s Nikkei 225, after the massive selloff which emerged due to Anthropic CEO Dario Amodei calling out the slower pace of AI development, citing increasing safety risk concerns in the market.

At 9:15 am (IST), NSE data showed that the NIFTY50 opened 0.76% or 178.05 points higher at 23,576.15 points on Tuesday’s market, in comparison to 23,398.10 points at the previous equity market close.

Meanwhile, the BSE SENSEX index opened 0.78% or 587.87 points higher at 75,369.63 points on September 15, compared to 74,781.76 points at the previous stock market session, as per the exchange data.

Before the opening bell on Tuesday’s market, the GIFT NIFTY futures for the September contract were trading 0.06% higher at 23,525 points, indicating a positive opening compared to Friday’s market close last week, as global market volatility continues to dominate domestic market sentiment.

On the global market front, key focus remained on the record-high US Treasury yields above 5%, and overall investor pessimism over the US Federal Reserve’s upcoming policy meeting outcome.

The benchmark indices witnessed a higher open on Tuesday as major heavyweight stocks like HCL Tech, Infosys, Tech Mahindra, TCS, Tata Motors PV, Wipro, and HDFC Bank powered the gains.

Tata Group stocks remained in the focus of investors as the Reserve Bank of India rejected parent company, Tata Sons' application to surrender its core investment company registration, terminating the attempt of the company to avoid a mandatory stock-market listing.

Although global crude oil prices retracted from their recent peak of $110 per barrel (bbl), the energy rates of the benchmark Brent crude were trading above $107 per bbl during Tuesday’s commodity market session.

Investing.com data showed that as of 9:36 am (IST), Brent crude prices were trading 1.3% higher at $107.04 per bbl, in comparison to $ 105.68 per bbl at the previous commodity market close.

Check top gainers & losers today

Stocks like HCL Tech, Tech Mahindra, TCS, Infosys, Tata Motors PV, Wipro, HDFC Bank and ITC were among the top gainers as of the early market hours on Tuesday, September 15.

HCL Tech was up 6.5%, Tech Mahindra was up 5.5%, TCS was up 5%, Infosys was up 4.8%, Tata Motors PV was up 4.5%, Wipro was up 2.9%, HDFC Bank was up 1.9%, and ITC was up 1.3%.

Others like BEL, Shriram Finance, NTPC, Grasim Industries, Titan, and Larsen and Toubro, were among the top laggards as of the morning market hours on Tuesday.

BEL was down 2.2%, Shriram Finance down 1.6%, NTPC down 1.4%, Grasim Industries down 1.4%, Titan down 1.3%, and Larsen and Toubro down 1.2%, as per NSE data.

The exchange data also showed that out of the 50 stocks listed under the NIFTY50 index, 22 stocks were among the gainers, while the remaining 28 stocks were down in the red as of Tuesday’s market.