Stock Markets Live: Sensex, Nifty Open Higher; Technocraft Industries Up 6%

Indian equity markets have opened with modest gains in today's trading session, amidst subdued global cues.

The S&P BSE Sensex opened 0.3% higher at 45,568. The index opened higher for the fourth straight day. The NSE Nifty 50 index opened with gains for the sixth straight session, opening near the mark of 13,400 at 13,393 - up 0.3%.

Among sectoral indices, the Nifty Media index has opened 0.7% higher while the PSU Bank index is up 0.6%. The Nifty Metal index is up 0.4% while the Nifty Bank, Nifty Realty and Nifty FMCG index are up 0.3% each at the start of trade.

Broader markets are outperforming at the start of trade. The Nifty Midcap index is up for the eighth straight day, trading with gains of 0.9% while the Smallcap index is trading 0.8% higher at the start of trade.

Good Morning!

The rally in Indian equities continued on Monday as well, with the NSE Nifty 50 ending higher for the fifth straight session. Both the Sensex and Nifty 50 touched another record high on the first trading day of the new week.

The broader markets, too, advanced. The Nifty Midcap and Nifty Smallcap indices rose to their highest in more than two years.

Futures, however, are indicating a flat start to today's trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 13,408 as of 8:00 a.m. on Tuesday.

Canara Bank is the only stock that is in the F&O Ban for today's session. It will also be in focus for the launch of its QIP. In terms of options positions, the 13,500 call for this Thursday's expiry continues to command the highest open interest with over 30 lakh shares. The put base, however, has moved higher to the 13,200 strike, which now has 36 lakh shares in open interest.

Asian markets are drifting lower this morning with benchmarks in South Korea and Hong Kong declining. Japanese shares are fluctuating.

Futures on the Dow Jones are trading 80 points lower. The index fell 0.5% on Monday.

West Texas Intermediate crude fell 0.5% to $45.54 per barrel, while gold traded at $1,864.67/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.