Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 268.31 points to 65,923.46. Meanwhile, the Nifty declined was also up by 85.1 points to 19,779.10 points.
Among the Sensex firms, JSW Steel, Tata Steel, Titan, Reliance Industries, HDFC Bank and Infosys were the biggest gainers. Larsen & Toubro, Maruti, Nestle and Hindustan Unilever were among the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with gains. The US markets ended in positive territory on Monday.
"The global cues are supportive. The softening US bond yields (the 10-year yield is at 4.41 per cent) will provide the big global macro backdrop for a market rally," VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
Global oil benchmark Brent crude declined 0.44 per cent to USD 81.96 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 645.72 crore on Monday, according to exchange data.
Rupee against dollar
The rupee recovered from its all-time low levels and appreciated 6 paise to 83.32 against the US dollar in morning trade on Tuesday, tracking the weakness of the American currency in the overseas market and positive domestic equities.
Forex traders said the rupee fell to fresh record lows on Monday despite broad weakness in the dollar against its major crosses on suspected importer-related buying.
At the interbank foreign exchange, the rupee opened at 83.33, then touched 83.32 against the American currency, higher by 6 paise over its previous close.
(With inputs from PTI)
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