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Stock Market LIVE: Sensex gains 150 pts; Nifty above 18,200; FMCG, Metal up.

IndusInd Bank gains in today’s session; adds more than a per cent

Realty index remains under pressure; sheds 1%

Rupee gains 14 paise to 81.65 against US dollar in early trade

Metal Index gains with indices adding 0.5% and most stocks in the green

Kaynes Technology shares surge on market debut as stock lists at strong premium.

Stock Market Today: Global cues to dictate the trend

Share Market LIVE Updates: Indian indices opened flat but are trading higher now. IndusInd Bank, Divi’s Lab, and Grasim climb; Bajaj Auto, ONGC and Nestle India lag. FMCG and Metal indices jump, while Realty and Energy shed. Kaynes Technologies makes a strong debut.

China’s strict lockdown policies have been crimping economic growth in the world’s second-largest economy. Moreover, Goldman Sachs sees India’s economic growth slowing next year, citing a hit to consumer demand from higher borrowing costs and fading benefits from the pandemic reopening.

Kaynes Technology shares surge on market debut as stock lists at strong premium–IPO.

Shares of Kaynes Techonology India Ltd made a strong market debut on Tuesday with the stock listing at ₹778 apiece on the NSE, a premium of more than 32% as compared to its IPO issue price of ₹587 per share. On the BSE, Kaynes Technology shares started trading at ₹775 apiece.

Rupee gains 14 paise to 81.65 against US dollar in early trade

The rupee appreciated 14 paise to 81.65 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels.

Forex traders said foreign fund outflows and a muted trend in domestic equities weighed on the local unit and restricted the appreciation bias.

At the interbank foreign exchange, the domestic unit opened at 81.72 against the dollar, then gained further ground to touch 81.65, registering a rise of 14 paise over its previous close.

On Monday, the rupee depreciated by 5 paise to close at 81.79 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.24 per cent to 107.57.        

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