Sensex, Nifty open in green; L&T, Hindalco, Tata Motors gainers

STOCK FUTURE TIPS

L&T, Hindalco, Tata Steel, Tata Motors and Maruti are top gainers in the Sensex. Among losers are Hero, Dr Reddy's, ONGC, ITC and Adani Ports.

 

 

Moneycontrol Bureau After yesterday's tumble, the market has opened in green on Tuesday. The Sensex is up 46.48 points or 0.2 percent at 24871.52 and the Nifty is up 19.40 points or 0.3 percent at 7583.25. About 390 shares have advanced, 117 shares declined, and 49 shares are unchanged. L&T, Hindalco, Tata Steel, Tata Motors and Maruti are top gainers in the Sensex. Among losers are Hero, Dr Reddy's, ONGC, ITC and Adani Ports. The Indian rupee has opened marginally lower at 66.83 per dollar on Tuesday against previous close of 66.81 a dollar. "The USD-INR pair is expected to take cues from the movement in stock market today and is expected to trade in range of 66.70-66.90/dollar," he added. Euro retreated marginally as market sentiment improves, dollar rose. 

 

The dollar index inched towards the 99 mark. Asian shares hovered near four-year lows and oil prices languished at near 12-year lows as investors fretted over whether Beijing may be losing control of the economy. From the beginning of year, markets have been rocked by plunges in Chinese stock markets, the yuan's fall and subsequent heavy intervention by the Chinese authorities to push it back up. In another hit to crude prices, Nymex crude plunged more than 6 percent overnight to new 12-year lows. Some experts have now forecast crude to slip to USD 20 dollars or below.

 

 

 

 

If you want more information regarding the derivative report & many other tips like equity tips, stock future tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php