Market opens It’s a flat start for the market on Tuesday morning, with the Nifty trading around 10,760. A brush of red is visible among the majority of the sector, while defensives such as IT and pharma are trading in the green. The Sensex is up 51.33 points or 0.14% at 35901.49, and the Nifty down 9.60 points or 0.09% at 10762.20. The market breadth is positive as 259 shares advanced, against a decline of 120 shares, while 32 shares were unchanged.
ONGC, Sun Pharma, and Tata Motors are the top gainers, while M&M, Power Grid, and UltraTech Cement lost the most.
RupeeThe rupee traded on a firm note against the US dollar, having risen to 71.56 in intra-day trade. The domestic unit on Friday closed at 71.90 against the greenback.
Shares of Bandhan Bank ended higher for the fourth straight session, rising 7.5 per cent to Rs 573 on the BSE after the Kolkata-based private sector lender received prior approval from the Reserve Bank of India (RBI) to open new branches.
Among individual stocks, BEML rallied 8 per cent to Rs 846 apiece on BSE after the company bagged contract worth of Rs 30.15 billion from the Mumbai Metropolitan Region Development Authority (MMRDA) to supply rolling stock on Metro corridors 2A, 2B and 7.
Commodity corner: Oil, gold prices steady; Copper prices down
Oil prices were stable, supported by hopes that talks underway in Beijing involving the U.S. and Chinese officials could end trade disputes between the world’s biggest economies, while OPEC-led supply cuts also tightened markets.