The market on Tuesday opened mildly green as the Sensex rose up 60.53 points or 0.2 percent at 27339.29 and the Nifty gained 8.60 points or 0.1 percent at 8379.30.
Shares such as ICICI Bank, ITC, Adani Ports, Bharti Airtel and Tata Steel were among the early gainers while ONGC, Bajaj Auto and Wipro were losers in the Sensex.
The Indian rupee opened lower by six paise at 67.33 per dollar against previous close 67.27. Yen held steady against the dollar on safe haven buying.
Market experts believe that the strong rally in USD-INR has been halted by aggressive intervention. Expect the pair to trade in the 67-67.50/dollar range in near term.
However, all eyes will be on the Cabinet reshuffle today. As many as 19 new ministers, half a dozen of them from Uttar Pradesh which goes to polls in 2017, are set to be inducted into his team by Prime Minister Narendra Modi.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app