At 9:26 AM, the S&P BSE Sensex is trading at 25,185 up 34 points, while NSE Nifty is trading at 7,660 up 10 points.
The BSE Mid-cap Index is trading up 0.45% at 10,693, whereas BSE Small-cap Index is trading up 0.32% at 11,294.
Sun Pharma, HUL, Dr.Reddy's, Axis Bank, Maruti Suzuki, ONGC, RIL, BHEL, L&T and Infosys are among the gainers, whereas ICICI Bank, Tata Motors, ITC, Wipro, Hero MotoCorp, GAIL, HDFC Bank and Cipla are losing sheen on BSE.
The India VIX (Volatility) index up 1.44% to 18.0550.
Some buying activity is seen in pharma, consumer durables, oil & gas, capital goods, energy, IT and FMCG sectors, while banking, finance and power sectors are showing weakness on BSE.
Out of 1,730 stocks traded on the NSE, 423 declined and 922 advanced today. A total of 10 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.
The Indian rupee opened higher by 9 paise at 67.03/$ in early trade on Tuesday, as against the previous close of 67.09/$. On the domestic front, India's retail inflation during November spiked to 14‐month high, fuelled by rise in food prices. In this respect, CPI reading registered a rise of 5.41% against the October number of 5.4%. Meanwhile, wholesale inflation declined by 1.99% during November, 13th consecutive monthly contraction. However, wholesale food prices gained 5.2% on yoy basis, a steep rise when compared with October's reading of 2.44%.
Global cues are mixed. US market notched some gains. Japanese Nikkei is down 0.8% while China's Shanghai Composite and South Korea's Kospi have dropped marginally. Hong Kong's Hang Seng is trading flat for the moment.
Finance Minister Arun Jaitley apprehended a "wash out" of the current Winter session and invoked Pandit Jawahar Lal Nehru to remind Congress of the responsibility of MPs for governance of the country through Parliament.
Fitch reportedly said that India will continue to post good growth despite subdued prospect for the Asia Pacific region.
Tech Mahindra and Mahindra & Mahindra have jointly entered into an agreement with Pincar S.r.l., to purchase a controlling stake in Pininfarina S.p.A., an iconic Italian brand in automotive and industrial design.
Zensar Technologies Ltd named Sandeep Kishore as chief executive officer (CEO) and managing director (MD).
Cairn Energy CEO Simon Thomson has approached Prime Minister Narendra Modi, asking him to help resolve the nearly two-year-old INR 10,247-crore Cairn India tax dispute.
Rajasthan Government, the first to submit Smart City Proposals to the Ministry of Urban Development has proposed a total investment of Rs.6,457 cr over the next five years for developing Ajmer, Jaipur, Kota and Udaipur as Smart Cities.
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