D-Street opens at fresh record highs, bulls operating relentlessly

Nifty hits 11,750; RIL clocks Rs 1,300 apiece

Mumbai.

All sectoral indices are trading in the green, with maximum gains from metals, pharmaceuticals and energy. Banks, too, are providing support. Among broader markets, Nifty Midcap is up 0.30 percent. Market Opens: It’s another record high start for the market on Tuesday morning, with the Nifty hitting 11,700 for the first time, while the Sensex rose over 150 points to hit another record high in the opening trade.

The Sensex is up 182.75 points or 0.47% at 38876.86, while the Nifty is up 56.30 points or 0.48% at 11748.30. The market breadth is positive as 602 shares advanced, against a decline of 216 shares, while 47 shares were unchanged.

Among top gainers are Kotak Mahindra Bank, M&M, HDFC, Lupin and Page Industries, while Yes Bank, HPCL, Titan and BPCL have lost the most.

The Indian rupee opened higher by 14 paise at 70.02 per dollar on Tuesday versus previous close 70.16.

Rupee consolidated in abroad range for the tenth consecutive sessions despite weakness in the dollar against its major crosses. Yesterday, the dollar was weighed down after US and Mexico agreed overhaul the NAFTA, putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact, said Motilal Oswal.

US president threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbors and warned he expected concessions on Canada’s dairy protections.

Today, USD-INR pair is expected to quote in the range of 69.80 and 70.20, it added.

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