Sensex Up Nearly 100 Points, Nifty At 11,388
The domestic stock markets started Tuesday's session on a positive note. The S&P BSE Sensex opened at 37,660.19 and the Nifty50 index of the National Stock Exchange (NSE) at 11,381.55. At 9:20 am, the 30-share Sensex was up 96.08 points or 0.26 per cent to 37,681.59 and the 50-share Nifty gained 10.80 points or 0.09 per cent to 11,388.55. The top five gainers in the Sensex pack were Hindustan Unilever, YES Bank, Tata Steel, Sun Pharma, and ICICI Bank, which lost between 0.74 per cent and 1.61 per cent.
Thirty-two out of 50 Nifty stocks gained in trade.
However, seven out of 12 PSU banking stocks fell as the Nifty PSU Bank index lost over 2 per cent.
"There is a lack of confidence seen by investors in the measures taken by the government for the recovery of rupee. Profit booking may continue and there is some negative rally left towards south," said Ritesh Ashar, Chief Strategy Officer, KIFS Trade Capital.
On Monday, the Sensex nosedived 505 points to 37,585 and the Nifty50 plunged 137 points to end at 11,377.
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