61145Looking for health insurance? Treatment cost of these maladies will not be covered!
Tata Steel was the top gainer in the Sensex pack, rising more than 1%, followed by IndusInd Bank, ICICI Bank, Titan, SBI and HDFC Bank
Benchmark equity indices opened higher on Tuesday tracking gains in index heavyweights HDFC Bank, ICICI Bank and Tata Steel amid a positive trend in global markets. At open, Sensex rose 91 points or 0.17% to 52,943, while the Nifty 50 traded at 15,861 higher by 37 points or 0.23%.
Gainers & losers
Tata Steel was the top gainer in the Sensex pack, rising more than 1 per cent, followed by IndusInd Bank, ICICI Bank, Titan, SBI and HDFC Bank.
Top gainers & losers on the Sensex.
Sectoral strand
All sectoral indices opened the session in the green. The Nifty Metal index jumped the most up about 1.18%, Nifty Realty and Nifty Bank rose 0.59% and 0.55%, respectively. Nifty Auto, Nifty Pharma, Nifty FMCG and Nifty IT were up anywhere between 0.16-0.35%.
Broader market
Broader markets outperformed the benchmark indices. BSE MidCap index opened 0.46% higher to 23,140. On the other hand, the BSE SmallCap index was trading at 26,713 up 0.75%.
Market breadth remained positive as 1,888 shares advanced on the BSE, while 628 declined and 71 remained unchanged.
Earnings today
Dr Reddy’s Laboratories, IndusInd Bank, InterGlobe Aviation, Canara Bank, Aarti Drugs, Ansal Housing, The Anup Engineering, Apar Industries, Arihant Capital Markets, Bhageria Industries, BLS International Services, Confidence Petroleum India, Dalmia Bharat, Dixon Technologies, EIH Associated Hotels, Elantas Beck India, Filatex India, GM Breweries, Godawari Power & Ispat, Granules India, Greenlam Industries, Hindustan Fluorocarbons, IIFL Finance, Karnataka Bank, Lux Industries, Mahindra Logistics, Mirza International, Ramco Cements, Sanofi India, Sharda Cropchem, Shemaroo Entertainment, Snowman Logistics, Torrent Pharmaceuticals, TTK Prestige, UCO Bank and VST Industries will announce their quarterly earnings today.
Global markets
Overseas, Asian stocks are trading higher on Tuesday even as several major Chinese tech stocks in Hong Kong remained under pressure following a Monday tumble.
All three major US stock indexes eked out record closing highs for a second straight session on Monday as investors were optimistic heading into a slew of earnings from heavyweight technology and internet names this week, while caution ahead of a Federal Reserve policy meeting kept the market in check.
Investors will be watching the Federal Reserve’s two-day policy meeting, beginning Tuesday. The Federal Open Market Committee and the Board of Governors are expected to issue a statement on the stance of monetary policy Wednesday. On Thursday, the Commerce Department will report second-quarter gross domestic product data.
Meanwhile, on the data front, sales of new US single-family homes dropped unexpectedly in June, falling 6.6% to a seasonally adjusted annual rate of 676,000 units, the Commerce Department said on Monday.