Sensex, Nifty open marginally higher led by gains in bank and IT stocks

Briefly Speaking

• Financial and IT stocks propel the Sensex and Nifty to open on a positive note with higher gains.
• Amid market fluctuations, Hyundai Motor India makes its debut below the issue price.
• The Nifty saw a rise led by ICICI Bank, while Tata Motors experienced the largest decline.

Financial and IT stocks propelled benchmark stock market indices to open higher on Tuesday.

The highly anticipated debut of Hyundai Motor India on the stock exchange began disappointingly on Tuesday, with the stock opening at a 1.5% discount to its issue price of Rs 1,960. Trading commenced at Rs 1,931 on the BSE and Rs 1,934 on the NSE, falling short of investor projections attributed to market fluctuations and apprehensions regarding the company’s valuation.