Sensex trims some gains, Nifty hovers around 10,750; midcaps weak
Equities began the day on a positive note, with the Sensex gaining a little over 50 points, while the Nifty was hovering around 10,750.
The Sensex is up 66.78 points or 0.19% at 34910.29, and the Nifty up 15.30 points or 0.14% at 10756.80. The market breadth is positive as 594 shares advanced, against a decline of 238 shares, while 200 shares were unchanged.
Bharti Airtel, Bajaj Auto, and Tech Mahindra were the top gainers, while Wipro, M&M, Asian Paints and HDFC lost the most.
The Indian rupee opened lower by 11 paise at 63.60 per dollar on Tuesday versus previous close 63.49.
"The euro had started moving higher post the ECB meeting and consequently the US dollar has now moved below 91 levels now."
"I expect the rupee to continue to appreciate and expect the USD-INR to trade within a range of 63.40-63.60."
Shares of Delta Corp gained over 6.5 percent intraday on Tuesday as investors cheered the company’s healthy results for the December quarter.
The company reported a jump of over 300 percent at Rs 44.7 crore for the quarter, while revenues grew 56 percent at Rs 162 crore.
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