Why Is Stock Market Rising Today? Sensex Gains Despite Asian Market Weakness and Falling Crude Prices

18 The Indian stock market opened higher on Tuesday, following the gains in IT stocks in the early morning trading session. Wall Street was broadly steady in overnight trading. A big rout in some Asian equity markets weighed on trader sentiment, while crude prices eased. Major buying in IT carried the benchmarks to fresh peaks even on negative global cues. With the BSE Sensex quoted 145.87 points higher at 76,981.65, or 0.19 per cent, and having reached a day’s high of 76,980.50 a few minutes earlier, technology shares rose to a day’s high of 14,822.69 on the back of purchasing…