Indian stock markets, Sensex and Nifty, opened higher on Tuesday, tracking firm cues from Asian markets and positive trading at Singapore Nifty futures. The BSE Sensex opened 73 points or 0.15 per cent higher at 49,844, and the NSE Nifty belled 32.15 points or 0.22per cent higher at 14,768. Among the individual stocks, shares of Future Retail, Mindtree, Piramal Enterprises, IndusInd Bank, Tata Communications, BPCL, Edelweiss, KNR Constructions, RailTel Corporation and ONGC will be in focus in Tuesday's trading session. On the sectoral front, shares of banking stocks will be eyed as the Supreme Court of India will pronounce the verdict on pleas that seek relief on loan moratorium.
On Monday, Indian stock market ended marginally lower, paring early losses, tracking mixed cues from Asian peers. The BSE Sensex ended 87 points or 0.17 per cent lower at 49,771, and the NSE Nifty settled 7.6 points or 0.05 per cent lower at 14,736. Sentiments were dented by rise in COVID-19 cases, especially in some economically significant cities like Maharashtra. On the Sectoral front, losses in bank and consumer durables stocks were offset by gains in realty and IT indices. Among the individual stocks, IndusInd Bank, Power Grid Corporation of India, ICICI Bank, HDFC Bank, Axis Bank, Reliance Industries were among top losers. On the flip side, Tech Mahindra, Tata Consultancy Services, Sun Pharmaceutical Industries, Dr. Reddy's Laboratories and Infosys were among notable gainers.
Check live updates of Sensex and Nifty here:
9:35 am: Power and Capital Goods stocks rise 1%
The BSE Power index was at 2,573.79, up by 28.21 points or by 1.11%. Adani Green Energy Ltd. (Rs. 1313.60,+5.00%), Adani Power Ltd. (Rs. 101.65,+4.96%), KEC International Ltd. (Rs. 468.75,+4.80%), ABB India Ltd. (Rs. 1404.30,+1.12%), Tata Power Company Ltd. (Rs. 105.70,+0.91%) were among leading gainers on power space.
The BSE CGS index was at 21342.95 up by 199.4 points or by 0.94%, led by gains in Adani Green Energy Ltd. (Rs. 1313.60,+5.00%), Carborundum Universal Ltd. (Rs. 478.00,+1.96%), Grindwell Norton Ltd. (Rs. 898.00,+1.18%), ABB India Ltd. (Rs. 1404.30,+1.12%), V-Guard Industries Ltd. (Rs. 236.10,+1.03%), among others.
9:23 am: Top gainers and losers on BSE Sensex
IndusInd Bank Ltd. (Rs. 979.50, 1.19%), Mahindra & Mahindra Ltd. (Rs. 863.10, 1.11%), HCL Technologies Ltd. (Rs. 988.30, 1.09%), Maruti Suzuki India Ltd. (Rs. 7168.30, 0.92%), State Bank of India (Rs. 369.50, 0.67%), were among top gainer on BSE Sensex pack.
Power Grid Corporation of India Ltd. (Rs. 220.35,-1.43%), Nestle India Ltd. (Rs. 16498.90,-0.57%), Housing Development Finance Corporation Ltd. (Rs. 2520.05,-0.57%), NTPC Ltd. (Rs. 109.50,-0.45%), Dr. Reddy's Laboratories Ltd. (Rs. 4345.35,-0.20%), were among top losers.
9:15 am:Sensex, Nifty open higher
The BSE Sensex opened 73 points or 0.15 per cent higher at 49,844, and the NSE Nifty belled 32.15 points or 0.22per cent higher at 14,768.
9:am: Gold loses shine as equities, dollar gain
Gold prices fell on Tuesday amid gains in equities and dollar. Spot gold dropped 0.3 per cent to $1,733.69 per ounce, while the US Gold Futures were down 0.1 per cent to $1,736.20 per ounce, reported Reuters.
8:45 am: SGX Nifty indicates higher opening for Sensex, Nifty
Indian benchmark indices are expected to open higher on Tuesday, tracking firm cues from Asian markets and positive trading at Singapore Nifty futures. At 8:45 AM, the Nifty futures were trading 42.25 points or 0.29 per cent higher at 14,798.20 on the Singapore Stock Exchange.
8:30 am: Asian markets trade higher
Asian markets were trading mostly higher, tracking positive cues from the US stocks which closed higher in overnight trade. The China's Shanghai Composite was up 1.14 per cent, while the Hang Seng was trading 0.27 per cent lower. The Japan's Nikkei 225 was down 2.07 per cent.
8:25 am: US stocks ended higher on Monday
Wall Street ended higher on Monday on the back of gains in technology stocks. The Nasdaq Composite surged 1.2 per cent, while the S&P 500 rose 0.7 per cent. The Dow Jones Industrial Average gained 0.3 per cent to close at 3,2731.20.
8:20 am: Stock in news: Future Retail, Mindtree, Piramal, IndusInd Bank, BPCL, RailTel, ONGC
Shares of Future Retail, Mindtree, Piramal Enterprises, IndusInd Bank, Tata Communications, BPCL, Edelweiss, KNR Constructions, RailTel Corporation and ONGC will be in focus in Tuesday's trading session.
8:15 am: FII investment trends
The foreign institutional investors (FIIs) continued to remain net buyer in equity and net seller in debt market on Monday. The net investment of equity and debt reported were Rs 606.22 crore and Rs -310.46 crore.