Equity benchmarks look to continue their momentum from Monday, with the Sensex opening at a record high on Tuesday, while the Nifty opened above 11,100.
All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names.
Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent. Shares of ACC are trading higher by 10 percent after the company reported good results for the June quarter.
At 09:15 hrs IST, the Sensex was up 89.00 points or 0.24% at 36807.60, while the Nifty is up 26.10 points or 0.24% at 11110.90. The market breadth is positive as 305 shares have advanced, 116 shares have declined, and 39 shares are unchanged.
Market at Pre-open:
Pre-opening rates indicated a strong start to the market, with the Nifty hitting 11,100.
At 09:01 hrs, the Sensex wass up 224.91 points or 0.61% at 36943.51, and the Nifty up 36.80 points or 0.33% at 11121.60.
The market on Monday had closed on a higher note, with the 50-share index ending above 11,080 as well.
The Indian rupee opened lower by 10 paise at 68.96 per dollar on Tuesday versus 68.86 yesterday.
Rupee gained in yesterday’s session primarily on back of weakness in the dollar against its major crosses after comments from US President wherein he raised concerns over a stronger dollar and the Federal Reserve’s interest rate increases.
On the domestic front, no major economic data is expected to be released but movement in the dollar against its major crosses will continue to influence the rupee.
Today, USD-INR pair is expected to quote in the range of 68.80 and 69.10.>