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Market inched up after a flat opnening on Tuesday amid mixed cues from Asia and buying in banking and financial scrips.
At 9.30 am the 30-Share BSE Sensex was trading at 20,527 up 36 points while CNX NIFTY is at 6,093.25 up over 13 points.
In Asia, Japan's Nikkei extended gains and was trading 1.6% higher on Tuesday amid a weaker yen on better-than-expected US jobs report. The Shanghai Composite was up 0.2% while Straits Times and Hang Seng were down 0.1-0.6% each.
At 9:30am the rupee was trading at 63.43-a-dollar vs previous close of 63.24.
US benchmark share indices ended flat with a positive bias on Monday with the DOw Jones closing at a record high after better-than-expected US jobs data last week raised the possibility that the US Fed may start reducing its monetary stimulus measures sooner than expected.
The Dow Jones industrial average gained 21.32 points, or 0.1%, to end at 15,783.10. The
Standard & Poor's 500 Index closed 1.28 points higher, or 0.1% higher, at 1,771.89. The
Nasdaq Composite Index gained 0.56 points or 0.01% to end at 3,919.79.
In Europe, almost all the major markets closed marginally higher. CAC, DAX and FTSE gained in the range of 0.3-0.7%.
Asian shares slipped on Tuesday, on track for a fourth straight day of losses, with investors turning their attention to the Chinese Communist Party policy meeting for clues to its economic agenda for the next decade.
The dollar rallied against the yen for a third straight day after a surprise rise in US October jobs growth on Friday, which has raised the prospect of the Federal Reserve reducing its stimulus drive sooner than thought. The dollar also kept pressure on emerging Asian currencies.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1%. It was heading for an eighth day of decline out of nine sessions.
Hong Kong's bourse dropped 0.8% in light trade, weighed by the banking sector after data showed China's new bank lending hit a 10-month low last month, adding to evidence the central bank may be tightening its monetary stance.
But Tokyo's Nikkei share average, helped by the softer yen, climbed 1.7% after touching a three-week high, while Seoul shares gained 1%.
BSE realty index is the top sectoral gainer, up nearly 1 percent while BSE auto index is down 0.4 percent and remains the top top sectoral loser.
Stocks to watch
Britannia Industries has rallied 7% to Rs 941 on BSE after reporting a robust 66% year-on-year (yoy) jump in its consolidated net profit at Rs 98 crore for the second quarter ended September 30, 2013 (Q2). The company had posted a profit of Rs 59 crore for the same quarter in the previous fiscal.
Tata Motors falls 2 pct, Jindal Steel down nearly 1 pct, Sesa Sterlite sheds 1 pct - top Sensex losers.
NTPC up 0.7 pct, Maruti rises 0.6 pct, ITC adds 0.6 percent - top Sensex gainers.
Apollo Tyre, Unitech, SAIL and JP Associates are among the top traded stocks on the NSE
Other stocks to watch out for
Corporation Bank is likely to open lower after the Mangalore-headquartered public sector lenderreported a 96 per cent drop in net profit to Rs 15 crore for the quarter ending September 30.
Wockhardt may see an uptick on news that its board has endorsed the decision of its Switzerland-based arm Wockhardt Bio AG to undertake a European listing.
IOC will be in spotlight as Government will begin roadshows in US today for sale of its 10% stake in nation's largest oil firm, that may fetch as much as Rs 3,900 crore.
Gillette India may see some moves as promoters are likely to sell shares worth over Rs 550 crore through Offer for sale route on Wednesday inorder to comply with Sebi's minimum public shareholding norms.
AstraZeneca may see an uptick as the company's narrowed its loss to Rs.1.22 crore in the July-September quarter from Rs.45.11 crore a year ago.
At 9.30 am the 30-Share BSE Sensex was trading at 20,527 up 36 points while CNX NIFTY is at 6,093.25 up over 13 points.
In Asia, Japan's Nikkei extended gains and was trading 1.6% higher on Tuesday amid a weaker yen on better-than-expected US jobs report. The Shanghai Composite was up 0.2% while Straits Times and Hang Seng were down 0.1-0.6% each.
At 9:30am the rupee was trading at 63.43-a-dollar vs previous close of 63.24.
US benchmark share indices ended flat with a positive bias on Monday with the DOw Jones closing at a record high after better-than-expected US jobs data last week raised the possibility that the US Fed may start reducing its monetary stimulus measures sooner than expected.
The Dow Jones industrial average gained 21.32 points, or 0.1%, to end at 15,783.10. The
Standard & Poor's 500 Index closed 1.28 points higher, or 0.1% higher, at 1,771.89. The
Nasdaq Composite Index gained 0.56 points or 0.01% to end at 3,919.79.
In Europe, almost all the major markets closed marginally higher. CAC, DAX and FTSE gained in the range of 0.3-0.7%.
Asian shares slipped on Tuesday, on track for a fourth straight day of losses, with investors turning their attention to the Chinese Communist Party policy meeting for clues to its economic agenda for the next decade.
The dollar rallied against the yen for a third straight day after a surprise rise in US October jobs growth on Friday, which has raised the prospect of the Federal Reserve reducing its stimulus drive sooner than thought. The dollar also kept pressure on emerging Asian currencies.
MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1%. It was heading for an eighth day of decline out of nine sessions.
Hong Kong's bourse dropped 0.8% in light trade, weighed by the banking sector after data showed China's new bank lending hit a 10-month low last month, adding to evidence the central bank may be tightening its monetary stance.
But Tokyo's Nikkei share average, helped by the softer yen, climbed 1.7% after touching a three-week high, while Seoul shares gained 1%.
BSE realty index is the top sectoral gainer, up nearly 1 percent while BSE auto index is down 0.4 percent and remains the top top sectoral loser.
Stocks to watch
Britannia Industries has rallied 7% to Rs 941 on BSE after reporting a robust 66% year-on-year (yoy) jump in its consolidated net profit at Rs 98 crore for the second quarter ended September 30, 2013 (Q2). The company had posted a profit of Rs 59 crore for the same quarter in the previous fiscal.
Tata Motors falls 2 pct, Jindal Steel down nearly 1 pct, Sesa Sterlite sheds 1 pct - top Sensex losers.
NTPC up 0.7 pct, Maruti rises 0.6 pct, ITC adds 0.6 percent - top Sensex gainers.
Apollo Tyre, Unitech, SAIL and JP Associates are among the top traded stocks on the NSE
Other stocks to watch out for
Corporation Bank is likely to open lower after the Mangalore-headquartered public sector lenderreported a 96 per cent drop in net profit to Rs 15 crore for the quarter ending September 30.
Wockhardt may see an uptick on news that its board has endorsed the decision of its Switzerland-based arm Wockhardt Bio AG to undertake a European listing.
IOC will be in spotlight as Government will begin roadshows in US today for sale of its 10% stake in nation's largest oil firm, that may fetch as much as Rs 3,900 crore.
Gillette India may see some moves as promoters are likely to sell shares worth over Rs 550 crore through Offer for sale route on Wednesday inorder to comply with Sebi's minimum public shareholding norms.
AstraZeneca may see an uptick as the company's narrowed its loss to Rs.1.22 crore in the July-September quarter from Rs.45.11 crore a year ago.
