Stock Market Today: Sensex, Nifty erases early trade gains as India becomes fourth-highest equity market

News Snapshot:

Indian indices opened higher on Tuesday following positive cues from global markets and strong Q3 earnings. BSE Sensex opened 444.55 points, or 0.62 per cent at 71,868.20 points with Nifty50 inching higher with 144.90 points, or 0.67 per cent at 21,716.70. The gains came even as the Indian stock market became the fourth-highest equity market with a combined value of listed shares standing at $4.33 trillion, as per Bloomberg, surpassing Hong Kong’s equity market whose combined value stood at $4.29 trillion on Monday. Strong Q3 reports from IT major Persistent systems, ICICI Bank and pharmaceutical giant Cipla led gains during...