 "Markets remain volatile, US govt shuts down")
Markets remained volatile since early trades today after the US Govt directed government agencies to shut down late Monday after Congress failed to find a compromise on a government spending bill.
At 10:30AM, the 30-share Sensex was up 34 points at 19,414 and the 50-share Nifty was up 8 points at 5,743.
Further, India's September manufacturing PMI was up at 49.6 compared with 48.5 in the previous month.
The rupee gained on Tuesday, with the currency finding some support from a lower-than-expected June quarter current account gap, shrugging off an US government shutdown. The rupee was trading at 62.37 compared to previous day's close 62.60.
Bankex continued to remain as the top performer among the sectoral indices on the BSE, up 1% followed by Auto, Capital Goods, Realty, Consumer Durables and Healthcare indices. Meanwhile, Metal, FMCG, Oil and Gas indices were among the top losers.
Financials were among the top gainers on value buying at lower levels and shortcovering after recent losses. HDFC Bank, ICICI Bank, SBI and HDFC contribute the most to Sensex gains along with TCS, Infosys and index heavyweight Reliance Industries.
Auto stocks firmed up on expectation of higher sales in September. Maruti Suzuki India has moved higher by 3% at Rs 1,399 after reporting 20% year-on-year increase in total sales in September at 104,964 units as against 87,323 units in the same month last year. Other gainers include, Mah&Mah, Tata Motors, Bajaj Auto and Hero MotoCorp were up 0.6-3% each.
BHEL was up 4.3% on short covering at lower levels after losses in the previous sessions.
Among other shares, Tata Communications has surged 5% to Rs 197 after the Tata Group telecom company said that VSNL SNOSPV Pte Ltd, a wholly owned subsidary has entered into exclusive discussions with the British major Vodafone's South African subsidiary Vodacom to sell its entire stake in Neotel.
Apollo Tyres has slipped 6% to Rs 62.70 after Cooper Tire and Rubber Company (CTB) shareholders approved the proposed merger with the company with more than 74% majority.
In the broader market the mid-cap and small-cap indices were trading marginally higher.
Market breadth was positive with 860 gainers and 603 losers on the BSE
At 10:30AM, the 30-share Sensex was up 34 points at 19,414 and the 50-share Nifty was up 8 points at 5,743.
Further, India's September manufacturing PMI was up at 49.6 compared with 48.5 in the previous month.
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Most Asian markets continued to trade firm with Shanghai Composite, Nikkei and Straits Times up between 0.5-0.7% each while Hang Seng was down 1.5%.
The rupee gained on Tuesday, with the currency finding some support from a lower-than-expected June quarter current account gap, shrugging off an US government shutdown. The rupee was trading at 62.37 compared to previous day's close 62.60.
Bankex continued to remain as the top performer among the sectoral indices on the BSE, up 1% followed by Auto, Capital Goods, Realty, Consumer Durables and Healthcare indices. Meanwhile, Metal, FMCG, Oil and Gas indices were among the top losers.
Financials were among the top gainers on value buying at lower levels and shortcovering after recent losses. HDFC Bank, ICICI Bank, SBI and HDFC contribute the most to Sensex gains along with TCS, Infosys and index heavyweight Reliance Industries.
Auto stocks firmed up on expectation of higher sales in September. Maruti Suzuki India has moved higher by 3% at Rs 1,399 after reporting 20% year-on-year increase in total sales in September at 104,964 units as against 87,323 units in the same month last year. Other gainers include, Mah&Mah, Tata Motors, Bajaj Auto and Hero MotoCorp were up 0.6-3% each.
BHEL was up 4.3% on short covering at lower levels after losses in the previous sessions.
Among other shares, Tata Communications has surged 5% to Rs 197 after the Tata Group telecom company said that VSNL SNOSPV Pte Ltd, a wholly owned subsidary has entered into exclusive discussions with the British major Vodafone's South African subsidiary Vodacom to sell its entire stake in Neotel.
Apollo Tyres has slipped 6% to Rs 62.70 after Cooper Tire and Rubber Company (CTB) shareholders approved the proposed merger with the company with more than 74% majority.
In the broader market the mid-cap and small-cap indices were trading marginally higher.
Market breadth was positive with 860 gainers and 603 losers on the BSE