Benchmark indices opened in the green on Tuesday, with indices posting marginal gains and holding on to key milestones.
The 30-share Sensex was up 35.66 points at 29961.81, while the Nifty was up 11.50 points at 9325.55. The market breadth was healthy as 593 shares advanced against a decline of 179 shares, while 31 shares were unchanged.
Asian Paints, Hero MotoCorp, HDFC and Indian Oil were top gainers on both the indices, while Adani Ports, Bharti twins and Ambuja Cements lost the most.
The rupee on Tuesday opened at 64.42 against the dollar, 12 paise lower than its previous close, on strong demand for the greenback from nationalised banks and importers.
On Monday, the rupee had closed 7 paise higher from its Friday close, after having seen higher gains earlier in the session. However, towards the end of trade, demand for the dollar returned and many nationalised banks were seen buying dollars.
"USD-INR pair has been trading in a rangkue-bound manner, affected by global developments. Expect 64.20-64.40/dollar range to prevail," said Bhaskar Panda of HDFC Bank. "On 10-year benchmark front, expect the yield to hover between 6.92-6.95 percent today," he added.
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