The market has opened in red with focus in Tata group stocks. The Sensex is down 24.28 points at 28154.80 and the Nifty is down 2.35 points at 8706.60.
Tata Steel is down over 3 percent while Tata Motors and TCS are slipping over 1 percent. Reacting to disappointing Q2 results, Idea is down 3 percent.
ICICI Bank, Adani Ports, Cipla, GAIL and Maruti are top gainers in the Sensex. The Indian rupee opened lower by 8 paise at 66.93 per dollar on Tuesday versus previous close 66.85.
Australian stocks added 0.5 percent and futures pointed to an opening gain of around 0.8 percent for Japan's Nikkei helped by a softening yen. Wall Street took encouragement from upbeat corporate results and the Dow rose 0.46 percent, while the S&P 500 gained 0.47 percent and the Nasdaq or 0.91 percent.
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