Free Tips for Morning Intraday Market: Nifty above 7500, Sensex up over 100 pts

Today the intraday market has opened on a positive note with support from oil & gas stocks. The Sensex is up 141.06 points at 25172.38 and the Nifty is up 21.85 points at 7515.20. About 476 shares have advanced, 110 shares declined, and 15 shares are unchanged.

GAIL, ITC, HDFC, M&M and BHEL are top gainers in the Sensex. Among the losers are Infosys, HUL, Wipro and TCS. The Indian rupee opened higher by 8 paise at 60.12 per dollar versus 60.20 Monday. Euro continues to remain under pressure, trading below the 1.36 mark.

In other asset classes, Brent Crude slipped below USD 114 per barrel as data showed Iraq oil exports in June were near record highs and not impacted by the conflict. Disappointing European data also contributed to the decline.

Precious metal gold is hovering near two-month highs as geopolitical tensions supported the metal's safe-haven appeal. And euro continues to remain under pressure, trading below the 1.36 mark.

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