After a massive rally in late trade yesterday, the market has opened with gains on Tuesday. The Sensex is up 85.75 points or 0.3 percent at 28294.51 and the Nifty is up 28.55 points or 0.3 percent at 8550.70. About 657 shares have advanced, 107 shares declined, and 59 shares are unchanged. HDFC, Tata Steel Wipro, Cipla and Coal India are top gainers in the Sensex. Among the losers are Hindalco, Dr Reddy's Labs, Reliance, NTPC and ONGC. Asian Paints, BPCL are top Nifty gainers on weak crude prices.
Asian markets are mixed bag after the sharp knock yesterday. Nikkei has bounced back smartly though the yen is hovering sub 123. The Kospi has come off 0.7 percent from day’s high while the rest of Asia is trading in the green. US stocks closed mildly lower, recovering from sharp opening losses on selloff overseas, as traders shook off concerns of contagion from the Greece debt crisis. Bond yields held lower, with the 10-year yield near 2.30 percent. In Europe, equities closed lower, after Greece voted "no" to reform proposals in the country's referendum on Sunday and the Greek finance minister Yanis Varoufakis resigned. Peripheral indices suffered the most, with Italy’s FTSE closing around 4 percent lower.
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