Stock markets open in green: Sensex surges over 300 points, Nifty advances in early session; HDFC rallies, Axis Bank falls
FirstpostSensex surged over 300 points led by buying in index-heavyweights HDFC twins and positive cues from Asian peers. Equity benchmark Sensex surged over 300 points led by buying in index-heavyweights HDFC twins and positive cues from Asian peers. In domestic trading, energy stocks advanced with the Nifty Energy index adding nearly 1 percent on the back of a jump in oil prices after US stockpiles rose less than expected. Shares of private-sector lender Axis Bank Ltd fell as much as 6.48% after reporting a surprise $182.6 million loss for the fourth quarter due to surge in provisions Foreign portfolio investors were net sellers in the capital market on Tuesday, as they offloaded equity shares worth Rs 122.15 crore, according to provisional exchange data.