Sensex and Nifty opened in green on Tuesday tracking global cues. (Photo: PTI)
11.25 am: The BSE IT index was up 1.79 per cent at 11,430. Infosys and Tech Mahindra gained 2.48 per cent and 2.43 per cent, respectively. Sensex was up 76 points at 26,268.
Motherson Sumi Systems was trading 5.19 per cent down at Rs 248.55 on BSE.
10.38 am: Lupin was trading 0.24 per cent higher at Rs 1,885.80. Nomura upgraded Lupin shares to ‘buy’ from ‘neutral’. It also raised target price to Rs 2,149 per share from Rs 1,698 rupees earlier. Sensex was up 42 points at 26,235. Nifty was up 9.5 points at 7,987.
10.00 am: Brokers said fresh foreign capital inflows and renewed prospects of a rate cut by the Reserve Bank at its policy meet later this month largely due to positive macroeconomic numbers, including easing inflation, influenced mood. Sensex was up 82 points at 26,275. Nifty was up 19.65 points at 7,996.
9.56 am: The rupee edged higher by 17 paise to 65.56 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange market on increased selling of the American unit by exporters amid fresh foreign funds inflows.
9.22 am: Sensex was up 140 points at 26,333. Amtek Auto was trading 8.57 per cent down at Rs 47.45. The share price of Amtek Auto declined on media reports that it had missed payments on the Rs 800 crore worth of bonds that matured on Monday.
Domestic equity markets opened in green on Tuesday tracking global cues. Sensex opened 81.39 points up at 26,274.37. Nifty opened 37.70 points up at 8,014.80
MMTC has received an approval for sale of 10 per cent of Indian Commodity Exchange (ICEX). The board of directors at their meeting held on September 11, 2015 has approved for the same.
The benchmark BSE Sensex on Monday staged a smart recovery and covered up its initial losses to close just 26 points down at 26,192.98 as cautious investors chose to book profits after two sessions of gains amid muted global cues owing to growth concerns.
Global Markets
New York: US stocks ended higher on Monday, rebounding from losses late last week with help from Apple and financial shares, but a drop in biotech shares limited the advance.
London: Top UK shares gained on Monday but underperformed a stronger rally across Europe, after takeover talks for insurer RSA fell through and mining stocks suffered another bout of selling.
Hong Kong: The Hang Seng Index up 0.7 per cent.
(With inputs from agencies)
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