The domestic markets opened with gains on Tuesday while tracking cues from strong Asian and American markets.
Investors are monitoring and anticipating US Federal Reserve’s decision on policy rate change which is slated for Tuesday. An aggressive rate hike is expected along with the announcement of US inflation report. In the morning trade, BSE Sensex went up 132 points to 62,263 while broad-based Nifty rose 38 points to 18,535.30 levels.
Some of the most active shares on BSE were KEC with a surge of 4.33 per cent, SW Solar with 4.76 per cent surge and Yes Bank with a 3.80 rise. Laggards were Phoenix, Cosmo First, JP Associates and GHCL.
Some of the gainers in Nifty during the morning session were Tata Motors, IndusInd Bank, Tech Mahindra, HCL Tech and Tata Steel. Among the laggards, Apollo Hospital, Power Grid, Hindustan Lever, NTPC and BPCL were with losses during the morning trade on NSE.
In Asian markets, Japan’s Nikkei and Hong Kong’s Hang Seng were gaining in the morning whereas Shanghai was with losses.
In European markets, CAC and Deutsche were gaining during the morning whereas FTSE was with losses.(ANI)
