Bombay Stock Exchange's Sensex and NSE's Nifty were trading with moderate gains in morning session Tuesday. Auto, IT and capital goods stocks were trading higher while the consumer durables and FMCG shares were trading negative.
The BSE Sensex
The 30-share Sensex traded at 16,496.53, up 79.69 points or 0.49 percent from the previous close while NSE Nifty was at 5005.50, 19.85 points or 40 percent up in the morning session.
The markets had opened in a positive note but shed the early gains in the early morning trade. However, the Sensex recovered in the late morning trade aided by persistent buying in banking, auto, power and capital goods and health care sector stocks on the back of strong Asian cues.
The CNX Midcap index rose by 0.1% and the BSE Smallcap index was up 0.4%. The market breadth is positive 735 shares advancing against 578 declines on the NSE.
The NSE Nifty crossed the key 5000 mark in the early morning trade and continued to hover around that figure in the morning session.
Coal India stocks went up by 1.5 percent. The company reported higher-than-expected year on year sales (29 percent) while profits came 5 percent lower at Rs 40.13 billion.
Quoting CNBC-TV18 poll, moneycontrol.com said, "Oil and gas major ONGC may report a drop in realizations to well below USD 45 per barrel, its profits may dip over 40% on the back of an increase in its subsidy share."
Oil refiner BPCL with a decline of 1.8 percent, IDFC (1.8 percent) and ITC (1.26 percent) were the top losers in Nifty.
Rupee 68 paise down
The Indian rupee was trading 68 paise down at 55.56 against dollar 12.20 IST, losing gains in three previous sessions, following a stronger dollar in global market. The rupee had gained 82 paise against the dollar in last three days and closed at 55.18 Monday.
To contact the editor, e-mail:
Most Popular Slideshows
- Omar Borkan Al Gala: Facebook Page Recovered, “Too Handsome” Guy “Too Hot” He Could Reach Staggering One Million (1M) Followers in Days!
- Robert Pattinson-Kristen Stewart: Twilight Lovers To Bring Back Love at 2013 Cannes Festival [PHOTOS]
- Angelina Jolie Double Mastectomy: Other Celebrities Who Also Went Through the Surgical Procedure [PHOTOS]
- IN PHOTOS! A Picture of Sadness in Kristen Stewart as Robert Pattinson Celebrates 27th Birthday ALONE? [SLIDESHOW]