Market opens with positive bias
Mumbai -- Strengthening crude and weakening yen helped push the Asian markets into green terrain on Tuesday. After three weeks of decline, crude oil gained its pace for the second day, inching towards the USD 64 a barrel mark again.
Japanese benchmark index Nikkei opened after the three-day weekend to pace ahead by 108.14 points, a lead of 0.68% to trade at 15975.07, while Taiwan`s TAIEX index gained 14.07 points, up 0.20% and is trading strong at 6,896.55 in today's morning trade.
After surging higher by 32.24 points at open, the BSE Sensex reversed initial gains and in the early morning session was trading at 12,100.28 , a lead of 28.98 points, and the Nifty was up 4 points at 3497.
Hindalco (up 2.14%) headed the other gainers like, Tata Steel (up 1.62%) and Satyam (up 1.30%), owing to the rebounding metal prices at the London Metal Exchange.
Out of the total 1,339 stocks, 927 were trading in green territory while 377 were declining. The remaining 35 stocks remained unchanged.
Tuesday`s gainers include Hindalco that spurred by 1.22% to Rs. 170.20, Ranbaxy added 0.95% to trade at Rs. 421.50 and HDFC advanced 0.91% to Rs. 1378.80 followed by ITC and L&T.
On contrary, Hero Honda has slipped by 0.21% to Rs. 770, Infosys has lost 0.19% to Rs 1814, NTPC gave up 0.16% to Rs. 128.75 and SBI shed 0.14% to Rs. 989.70. The others laggards on BSE Sensex chart are Wipro and ACC.
