Slightly easing worries about U.S. interest rates following the release of some downbeat economic data and a firm trend in Asian markets on the back of a rebound in crude oil prices set up a positive start for Indian stocks Tuesday morning.
Metal, bank, realty and healthcare stocks are among the prominent gainers in opening trades. Stocks from automobile, capital goods, power and FMCG sectors are also steady. A few stocks from information technology sector are up with notable gains.
The BSE benchmark Sensex, which vaulted to 27,761.33, is currently at 27,740.14, up 210.13 points or 0.75% from its previous close. The Nifty50 of the National Stock Exchange is up 61.25 points or 0.72% at 8581.65, slightly off a high of 8585.70 it touched a little while ago.
In the forex market, the rupee strengthened to 66.79 against the U.S. dollar, gaining 017% over its previous close.
Tata Steel is gaining 2.3%. HDFC is up 1.6%, ICICI Bank and Adani Ports are both gaining about 1.5%, GAIL India, ITC, Coal India, Reliance Industries, Infosys, Tata Motors, NTPC and Sun Pharmaceutical Industries are up 0.7% - 1.2%, while Maruti Suzuki, Mahindra & Mahindra, Dr Reddy's Laboratories, State Bank of India, Larsen & Toubro, Power Grid Corporation, Axis Bank, Wipro and Hindustan Unilever are modestly higher.
Yes Bank, Aurobindo Pharma, HCL Technologies, Bank of Baroda, Zee Entertainment Enterprises, Grasim Industries, Tata Power and Eicher Motors are up 1% - 2%.
Asian Paints, ACC, UltraTech Cement, Bharti Airtel, Hero Motocorp, BPCL and Tata Consultancy Services are weak.