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Benchmark indices trimmed their opening gains as index heavyweights ITC and Reliance Industries came down by 0.4-0.5% each.
At 9:30, the Sensex was up by 35 points to 20,369.28, while the Nifty-50 had gained 3.90 points to 6,057.35.
BSE Auto was the major gainer among indices, backed primarily by solid gains in Tata Motors. FMCG and Realty were moderately down by 0.4% each.
Rupee remained unchanged to the dollar at 62.43.
The broader markets were in-line with the benchmark indices, with BSE Midcap and Smallcap increasing by about 0.2% each.
The breadth of the market was positive, with 661 advances and 338 declines. 51 scrips remained unchanged.
Tata Motors surged by more than 4% after it reported strong Q3 performance after market close on Monday. Maintaining its stellar performance in Jaguar-Land Rover, Tata Motors’ almost trebled its net profit and beat the street’s forecasts.
Other major gainers include Sun Pharma and Tata Steel, which were up by 1-2% each. On the flipside, Bharti Airtel, Cipla, and NTPC have decreased by 1.0-1.5% each. Cipla is scheduled to release its Q3 results later in the day.
US stocks gained modestly on Monday as investors remained cautious ahead of new Federal Reserve Chair Janet Yellen's first testimony before lawmakers. The Dow Jones industrial average was up 7.71 points, or 0.05%, at 15,801.79. The S&P500 was up 2.82 points, or 0.16%, at 1,799.84. The Nasdaq Composite Index was up 22.31 points, or 0.54%, at 4,148.17.
Major Asian indices continued their upward trend, with Japan’s Nikkei-225 adding 256 points to 14,718 and Hong Kong’s Hang Seng increasing by 1.45% to 21,922. Singapore’s Strait Times was also up 19.16 points to 3,036.36.
Among other stocks, Apollo Tyres, BPCL, Coal India, Eicher Motors, HT Media, NCC, Oil India, Radico Khaitan, and Tata Communications are scheduled to announce their results for the quarter ended December 31, 2013 later today.
At 9:30, the Sensex was up by 35 points to 20,369.28, while the Nifty-50 had gained 3.90 points to 6,057.35.
BSE Auto was the major gainer among indices, backed primarily by solid gains in Tata Motors. FMCG and Realty were moderately down by 0.4% each.
Rupee remained unchanged to the dollar at 62.43.
The broader markets were in-line with the benchmark indices, with BSE Midcap and Smallcap increasing by about 0.2% each.
The breadth of the market was positive, with 661 advances and 338 declines. 51 scrips remained unchanged.
Tata Motors surged by more than 4% after it reported strong Q3 performance after market close on Monday. Maintaining its stellar performance in Jaguar-Land Rover, Tata Motors’ almost trebled its net profit and beat the street’s forecasts.
Other major gainers include Sun Pharma and Tata Steel, which were up by 1-2% each. On the flipside, Bharti Airtel, Cipla, and NTPC have decreased by 1.0-1.5% each. Cipla is scheduled to release its Q3 results later in the day.
US stocks gained modestly on Monday as investors remained cautious ahead of new Federal Reserve Chair Janet Yellen's first testimony before lawmakers. The Dow Jones industrial average was up 7.71 points, or 0.05%, at 15,801.79. The S&P500 was up 2.82 points, or 0.16%, at 1,799.84. The Nasdaq Composite Index was up 22.31 points, or 0.54%, at 4,148.17.
Major Asian indices continued their upward trend, with Japan’s Nikkei-225 adding 256 points to 14,718 and Hong Kong’s Hang Seng increasing by 1.45% to 21,922. Singapore’s Strait Times was also up 19.16 points to 3,036.36.
Among other stocks, Apollo Tyres, BPCL, Coal India, Eicher Motors, HT Media, NCC, Oil India, Radico Khaitan, and Tata Communications are scheduled to announce their results for the quarter ended December 31, 2013 later today.
