At 9:15 AM, the BSE Sensex opened higher by 44 points at 29092, while the Nifty50 opened higher by 14 points at 8977 mark.
Bosch is the Nifty top gainer and Lupin is the Nifty top loser in the morning hours on Tuesday. Bosch is trading at Rs 21480 per share higher by 0.54% whereas Lupin is trading at Rs 1470 per share lower by 0.49%.
There are 897 advances, 761 declines and 71 unchanged stocks on NSE in the morning hours reflecting some positive bias floating in the market.
The rupee opened at 66.77 per dollar higher by 4 paise.
Nifty50 has major resistance around the 9000 level, while on the downside, support is seen at the 8,925 level and the next support is placed at level of 8,860.
The SGX Nifty, which is trading at 8,971, down by 6 points or 0.07%.
The US stocks retreated on Monday with the Dow closing below 21,000 marks as market participants are refraining from taking big positions ahead of the Federal Reserve’s monetary policy meeting next week amid mounting expectation for interest rate hike.
The Dow Jones Industrial Average closed at 20,956 with loss of 49 points, while S&P 500 fell 7 points to close at 2,375. The Nasdaq Composite slid 21 points to finish at 5,849.
Asian stocks markets are trading mixed on Tuesday, tracking weak overnight cues from Wall Street. Japan’s Nikkei 225 slipped 24 points, while Hong Kong’s Hang Seng gained 92 points. The Shanghai Composite lost 4 points.
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