The market has opened higher on last day of the financial year 2014-15. The Sensex rose 91.69 points to 28067.55 and the Nifty climbed 35.30 points to 8527.60 on Tuesday.
About 444 shares have advanced, 96 shares declined, and 81 shares are unchanged on the BSE.
Sesa Sterlite, Infosys, Reliance Industries, Dr Reddy's Labs and HDFC topped the buying list, up 1-1.6 percent. However, ITC, Bharti Airtel, TCS, SBI, ONGC, HCL Tech and Bank of Baroda declined marginally.
The Indian rupee has opened marginally higher at 62.61 per dollar today against previous day's close of 62.67 a dollar.
The dollar was firmer against most of its peers early, having posted its biggest one-day rally in over a month against the yen.
He further added, “The USD-INR pair has been trading in the 62-63 range. We expect the pair to continue trading in this range with intervention expected to cap the gains.”
Among global markets, US stocks closed more than 1 percent higher amid encouraging talk of stimulus in Asia, as investors eyed the week's economic data. The Dow gained more than 260 points. The S&P 500 rose more than 1 percent, with energy sector leading. The US 10-year treasury yield traded at 1.95 percent.
Asia is in a sweet spot after Beijing unleashed new policy moves to rejuvenate a wobbly property market, Nikkei bounced back as dollar-yen moved to 120.07. Among commodities, crude prices remained under pressure ahead of industry data that is due later today which is likely to show another solid build in the US commercial crude inventories. Brent is now below USD 56 per barrel.
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