Stock Market Live Updates 28 May 2024: Sensex, Nifty trade higher tracking Asian markets; focus on LIC earnings

Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, opened marginally higher on Tuesday, tracking gains in Asian markets. Investor focus is on Life Insurance Corp of India (LIC) after its quarterly earnings report. At 9:17 a.m., the 30-share BSE Sensex climbed 127.53 points to 75,518.03, while the NSE Nifty gained 47.10 points to 22,979.55. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.4% on Tuesday. Indian equity benchmarks have reached record highs for three consecutive sessions through Monday, but volatility remains high ahead of the general election results due on June 4. The Nifty volatility index rose to its highest level in nearly two years on Monday. Prashant Tapse, Senior VP (Research) at Mehta Equities, expects further upward movement in the Nifty and suggests buying on dips between 22,800-22,850 with targets at 23,100/23,351.

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