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The Indian stock
market gained further in early trade ahead of RBI policy. The Sensex rose 81.51
points to 28585.97 and the Nifty advanced 16.70 points to 8676.60. About 594 shares
have advanced, 135 shares declined, and 88 shares are unchanged on the BSE.
Sun Pharma, Reliance Industries, HDFC, Tata Power, ONGC, Cipla, Cairn India, NMDC and Tech Mahindra gained 0.6-1 percent while BHEL, Dr Reddy's Labs, HDFC Bank, BPCL, Power Grid Corp, GAIL and Idea Cellular declined.
The Indian rupee opened marginally lower at 62.22 per dollar on Tuesday versus 62.18 Monday. The dollar firmed in trade having recovered almost all of its losses as the euro came under renewed pressure. Indian markets are expected to trade in a range on Tuesday tracking muted trend seen in other Asian markets.
Technically, Nifty cleared immediate resistance of 8630 level and closed above that level. Now Index has an immediate support placed at 8580 - 8530 range.Indian markets closed on higher note ahead of RBI policy to be announced on 7 April. On sectorial front Pharma and FMCG sector outperformed while Banking and Infra sector were stable in market.
Sun Pharma, Reliance Industries, HDFC, Tata Power, ONGC, Cipla, Cairn India, NMDC and Tech Mahindra gained 0.6-1 percent while BHEL, Dr Reddy's Labs, HDFC Bank, BPCL, Power Grid Corp, GAIL and Idea Cellular declined.
The Indian rupee opened marginally lower at 62.22 per dollar on Tuesday versus 62.18 Monday. The dollar firmed in trade having recovered almost all of its losses as the euro came under renewed pressure. Indian markets are expected to trade in a range on Tuesday tracking muted trend seen in other Asian markets.
Technically, Nifty cleared immediate resistance of 8630 level and closed above that level. Now Index has an immediate support placed at 8580 - 8530 range.Indian markets closed on higher note ahead of RBI policy to be announced on 7 April. On sectorial front Pharma and FMCG sector outperformed while Banking and Infra sector were stable in market.
Nice written post about Today Share Market Recommendations; Sensex, Nifty open higher
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