The BSE Sensex opened higher by 55.12 points at 28716.70, while the Nifty50 opened higher by 11.55 points at the 8890.75 mark. Infosys is the top Nifty gainer whereas UltraTech Cement is the top Nifty loser in the morning hours on Tuesday’s trading session. Infosys is trading at Rs 1021.85 per share up by 1.15%. UltraTech Cement is trading at Rs 3740 per share down by 0.44%.
There are 863 advances, 502 declines and 414 unchanged stocks on NSE in the morning hours reflecting strong positive undertone floating in the market.The rupee opened at 66.92 per dollar up by 9 paise.The US markets will open today after President’s Day holiday on Monday.
The European markets closed with mixed sentiments. FTSE 100 closed flat with slight negative bias. German DAX closed with gains of 70.60 points. CAC 40 of France closed lower by 2.59 points.
The crude oil rose above $53 a barrel on optimism over the effectiveness of production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and other oil producing nations against increasing US