India share markets rose on Tuesday with BSE Sensex rising over 240 points during the mid-morning session, tracking gains in Asian stocks. Keeping with a similar trend, the NSE Nifty benchmark index also rose over 58 points.
At 11.07 am, the Sensex scaled at 38442.44, up by 228 points while Nifty Stood at 11,401.15, up 60 points in trade. Eicher Motors went up 4.27%, Maruti roe 2.62%, Hero Motor Corp added 2.48% and Kotak Bank rose 1.77% as among major Nifty gainers at this time.
Excluding Nifty Information Technology (IT) and Metal index, all the sectoral gauges are witness buying with major gains in Auto Stocks. The nifty Auto index scaled at 7,647.55, up 1.69% with gains in Eicher Motors, Hero Motor Corp, Maruti and Ashok Leyland with 2 to 4% gains. Get best stock Tips from the experts.
Market today comes with a major stock buzz with Adani group shares. Adani Transmission Shares today jumped over 13 percent intraday on at Rs. 253 per share after the acquisition of transmission service provider in Gujarat.
Also, the Adani Gas shares gained over 3 percent intraday, after signing an agreement with France-based company TotalSA for sale of 37.4% stake in the company. For Free stock tips visit our website.
As another stock rally, the share of Varun Beverages gained over 4 percent intraday after CRISIL upgraded its long-term rating. At 11.20 am, the stock was quoting at Rs634, up to Rs 13, or 2.1% on the NSE.