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Sensex, Nifty marginally higher amid consolidation; ICICI falls

Equity benchmarks were marginally higher amid consolidation in morning trade, led by short covering in technology, pharma, auto and select banks stocks.

TCS, Infosys and Coal India were top gainers on the Sensex, up 1-1.5 percent whereas ICICI Bank and Bharti Airtel fell further.

After severe cuts yesterday, the market has opened in green Tuseday. The Sensex is up 121.28 points or 0.4 percent at 28415.56 and the Nifty is up 40.10 points or 0. 5 percent at 8763.15. About 659 shares have advanced, 143 shares declined, and 33 shares are unchanged.

The Indian rupee rose in the early trade on Tuesday. It has opened higher by 7 paise at 66.53 per dollar, which is a 3-week high, against previous close of 66.60.

"The USD-INR pair continues to rally on the back of strong FII and FDI flows and some spectrum auction related inflows, with overall dollar weakness also helping."

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