Stock Market Up on Hopes of Push for Reforms
Indian Stock markets opened in positive on Tuesday after hopes that Finance Minister P Chidambaram will push forward with reforms process. At 11.58 AM IST, BSE Sensex was up by 122 points at 17535 while NSE Nifty was up by 37 points at 5319.
Among most active stocks were SBI, ICICI and Axis Bank. The three banking counters were trading firm with gains between 1.5-2.5 per cent. Tata Motors was trading strong in today’s session. The auto major gained over three per cent and was trading at Rs 236.
Among other top gainers were IDFC, HCL Tech, DLF, TCS, Infosys and GAIL. Ambuja Cements and Bajaj Finserv touched 52-week high in today’s session. Cairn India and Power Grid Corporation were among losers in today’s trade.
Among Asian markets, Hang Seng was up by 0.18 per cent at 20034. Nikkei 225 was up by nearly a per cent at 8803 while Straits Times was marginally higher.
USD-INR was trading little lower at 55.46 and Euro-INR was at 68.69. Indian currency is showing small strength in today’s session.
Gold in Mumbai market was up marginally and touched Rs 30,000 level. Silver was trading flat at 53,350.
