BHEL, Bharti Airtel, Tata Steel, NTPC and Wipro are top gainers in the Sensex.
09:15
Moneycontrol BureauLive Market Commentary After the bruises on Tuesday, the market has opened on a flat note. The Sensex is up 42.10 points at 24591.61, and the Nifty is up 6.95 points at 7324.95.
About 417 shares have advanced, 121 shares declined, and 30 shares are unchanged. BHEL, Bharti Airtel, Tata Steel, NTPC and Wipro are top gainers in the Sensex.
The rupee has opened flat at 59.02 a dollar as against previous day's closing value of 59.04 a dollar.
Pramit Brahmbhatt, Veracity says taking positive overnight cues, the rupee is expected to trade strong, backed by the local equities though dollar demand from oil importers could cap gains. According to him, the range for the rupee is seen between 58.50-59.50/USD.
Among the global markets, the US markets ended broadly higher with the S&P 500 setting a new record. European shares closed slightly higher on Tuesday, as the UK's FTSE index rose after being closed for a public holiday and other bourses took a breather from their rally on Monday.
Asian markets are trading in the green this morning following the strong US markets close. Japan's Nikkei is trading at seven-week highs and has extended its winning streak into the sixth session.
In other asset classes, Nymex crude prices held above USD 104 per barrel, as projections for gains in petroleum stockpiles were counter-balanced by geopolitical tensions in Libya and Ukraine. Brent continues to hover around USD 110.
Precious metal gold's prices slipped 2 percent to a 3.5 month low, extending losses after strong data lifted optimism about the economy.
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