New Delhi: Continuing with its upward march, the Bombay Stock Exchange benchmark, Sensex rose by 63 points in early trade on Tuesday on sustained buying by funds in select blue-chip stocks.
Markets opened in modest green on Tuesday. Buying interest was seen in the banking stocks, however telecom, sugar and metal packs were trading weak in opening trade. At 10:35 hours IST, Sensex was up 31 points at 14,434 and Nifty was up 10 points at 4163. Major gainers in the opening trade were ICICI Bank, SBI, HDFC Bank, Rel Comm, Reliance, PNB, L&T and ONGC. However, Bajaj Auto, Bharti Airtel, HLL and Hindalco were trading weak.
Major support came in from stocks like Bharti Airtel, Reliance Industries, Reliance Communications, Tata Steel, Tata Consultancy Services, ACC, HDFC Bank, State Bank of India, Hero Honda, ICICI Bank, Maruti Udyog and Hero Honda.
Market cues:
- SBI hikes PLR by 75 bps from today
- FIIs net buy USD 139.2 million in equity on Feb 15
- MFs net buy Rs 105 crore (Rs 1.05 billion) in equity on Feb 15
- NSE F&O Open Interest up by Rs 332 crore (Rs 3.32 billion) at Rs 62,077 crore (Rs 620.77 billion)
With inputs from moneycontrol.com
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