Sensex, Nifty, Midcap off record highs; Coal India extends gains
Equity benchmarks hit fresh record high again in opening on Tuesday, with the Sensex trading above 34,400 level.
The 30-share BSE Sensex was up 78.32 points at 34,431.11 and the 50-share NSE Nifty gained 12.30 points at 10,635.90. About 1,003 shares advanced against 358 declining shares on the BSE.
Coal India was up 4 percent.Nifty Midcap gained 0.3 percent.
Tata Steel, Axis Bank, Kotak Mahindra Bank, SBI, Sun Pharma, M&M, Wipro and Vedanta were early gainers while HPCL, Indiabulls Housing, Zee Entertainment, Hindalco and Dr Reddy's Labs were losers.
Share price of Coal India added more than 5 percent in the early trade as the company has revised non-coking coal prices.
The company is it meeting held on January 8 has approved revision of non-coking coal prices effective from January 9.
The rupee traded higher by 1 paise at 63.50 against the US dollar in morning on fresh selling of the American currency by exporters and banks amid early gains in stocks.
The rupee had retreated from its near three-year high and ended lower by 14 paise at 63.51 against the US currency on fresh bouts of dollar demand amid concerns over the sluggish outlook for economic growth.
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