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Sensex, Nifty give up gains after hitting fresh milestones; ONGC, BHEL up 1%

The Indian market began the truncated week on a positive note, with the Nifty trading above 10,500-mark.

At 09:16 hrs IST, the Sensex is up 60.81 points or 0.18% at 34001.11, while the Nifty is up 7.30 points or 0.07% at 10500.30. The market breadth was positive as 596 shares advanced, against a decline of 163 shares, while 81 shares were unchanged.

TCS, BHEL, Tata Power and GAIL were the top gainers, while Tata Motors DVR, ITC, Infosys and Sun Pharma lost the most.

The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday versus 64.05 on Friday.

Bhaskar Panda of HDFC Bank said, "The Catalan vote roiled global markets before Christmas. However, cheer in Indian markets seem to be continuing. Hence, I expect the INR appreciation trend to continue. Range for the day seen between 63.90-64.10."

He further added, "The Indian 10-year benchmark yield has been continuously moving higher. It may continue to consolidate within a range of 7.25-7.30 percent for today."

The dollar index held steady shrugging off upbeat Japanese economic data.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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