The market opened marginally higher on Tuesday, tracking positive Asian cues. The Sensex rose 48.68 points to 21,253.73, and the Nifty gained 12.95 points at 6,316.90.Indian stock advanced for a second day, led by metal makers, after the government said it will sell its stake in the nation’s biggest zinc producer. The rupee started off trade with marginal gains of 9 paise at 61.53 per dollar as against previous day's closing value of 61.62 per dollar. The dollar index is little changed above 81.11, having drifted off a two-month high of 81.296 yesterday in subdued trading due in part to the US holiday. Against the yen, the greenback edged up to 104.16 from 103.865. Globally, in opening trade, Asian markets were trading higher. Nikkei gained 1.07 percent, Straits Times was up 0.17 percent and Seoul Composite rose 0.28 percent. In Asia, attention will remain squarely on Bank of Japan's policy meeting commencing later today. Meanwhile in China, the seven-day repurchase rate hit its second highest level since December. People's Bank of China said it would give commercial banks emergency funding. On BSE, Mid cap and Small Cap are trading higher by 0.61% and 0.34% respectively. On sectoral front, Auto is the top gainer to edge 1.45% and on flipside, IT is the worst performing sector to ease 0.54% as we write this.
Further the market breath stands positive with 992 shares were seen advancing against 531 declining shares.
Further the market breath stands positive with 992 shares were seen advancing against 531 declining shares.
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