Following a firm opening, Indian equity markets extended early gains amid
sustained buying across the counters. The Sensex was up by 153.92 points,
crossing 19,000 level, while Nifty appears to stay in the 5,650-5,800 range. In
currency market, rupee appreciated against greenback on Tuesday on the back of
dollar selling by custodian banks and exporters. On sectoral front, all stocks
were trading in green. Information technology, realty, automobile and oil
stocks were among the prominent gainers. Meanwhile, Tata Motors strengthened
its gains after the company increased prices of its sports utility vehicle
range following the excise duty hike in the Budget. On global front, Asian
markets recovered after a sharp fall amid slumping of Chinese stocks the
previous session, as a globally accommodative monetary stance helped relieve
concerns and revived risk appetite. Back home, the market breadth favoring
positive trend; there were 1,333 shares on the gaining side against 1,024
shares on the losing side while 105 shares remain unchanged.
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