Stock markets: Sensex gains 128 points, Nifty above 19,840 amid positive global cues in early trade
The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05.
Stock markets: Equity benchmark indices climbed in early trade on Tuesday amid positive global cues. The 30-share BSE Sensex advanced 128.76 points to 66,098.80 in early trade. Meanwhile, the Nifty climbed 53.35 points to 19,848.05.
However, later both the benchmark indices faced volatile trends and were quoting marginally higher. Among the Sensex firms, UltraTech Cement, Bajaj Finserv, Tata Steel, Wipro, Tata Motors, Titan, Asian Paints and State Bank of India were the major gainers. HCL Technologies, Reliance Industries, ICICI Bank, Infosys and IndusInd Bank were among the laggards.
Asian and US markets
In Asian markets, Seoul and Shanghai traded with gains while Tokyo and Hong Kong quoted lower. The US markets ended marginally lower on Monday. Global oil benchmark Brent crude climbed 0.29 per cent to USD 80.21 a barrel.
Rupee gains against dollar
Meanwhile, the rupee gained 2 paise to 83.38 against the US dollar in early trade on Tuesday. Forex traders said that positive sentiment in the domestic equity markets and lower crude oil prices also favoured the Indian currency.
At the interbank foreign exchange, the rupee opened at 83.37 against the dollar and then touched 83.38, registering a gain of 2 paise over its previous close.
(With inputs from PTI)