New Delhi: After witnessing a dip for two consecutive sessions, Sensex and Nifty remained strong on Tuesday as heavy purchasing was seen in blue-chip companies such as Reliance Industries, ICICI Bank, and L&T all of which were influenced positively by the global markets. The Indian IT industries were however not able to keep up with the expectations for it was on the brink of the Q3 Results season, furthermore the market surge was also hindered by the falling rupee.

The Sensex touched the 78,199.11 marks after an increase of 234.12 points, its intraday target was 78,452.75 which it was able to get close to as it saw a growth of 487.75 points, thus ending the market at 23,707.90. The NSE Nifty ended with an increase of 91.85 points with another close of 23,707.90

The sensex estimates premarket to be standing at 78,387.61 after a growth of 422.62 in as early as 25,776.25. The Nifty recorded a growth of 160.2 assisting it up to the 23,776.25 ending mark. After witnessing a steep loss on Monday, premarket was able to bring up hope.

In the avg table of consumer goods; Larsen and Toubro, ICICI and Adani were amongst the top gainers alongside TATA Motors, Reliance, Nestle and Ultra Cement. On the contrary, Zomato, Tech, HCL, and TCS faced notable losses.

It was expected for Hong Kong to close marginally lower while Shanghai, Seoul and Tokyo were expected to close green, all of which ended up performing to par.

On this past Monday, the US’s stock markets surged to green as tech stocks rose drastically. After Foxconn announced amazing quarterly results, Nvidia and Apple’s chip shares jumped. The inclusion of stocks such as, Advanced Micro Devices, Micron Technology, Super Micro Computer, and Nvidia allowed the market to settle at a positive. The S&P 500 alongside the Nasdaq Composite surged on Monday hitting more than one weeks high.

In the meantime, Japan saw a huge surge in the stock markets as well, where the Nikkei 225 jumped by about 2.40 percent or 900 points + reaching 40,264.50.

As per the exchange graphics, Foreign Institutional Investors (FIIs) turned out equities worth Rs 2,575.06 crore on January 6. There was also a global drop in oil with Brent crude dropping by, 0.14 percent to USD 76.19 a barrel.

The BSE index the previous Monday dropped by 1,258.12 points, sitting at the edges of 78,000 and settling at 77,964.99. And hence, as a result , the Nifty sank by 388.70 points or 1.62 percent and hit 23,616.05.