Sensex in green over earnings optimism, ONGC among top gainers

Key indices on Tuesday opened on a positive note as investors widened their positions ahead of quarterly earnings from some bluechip companies amid positive Asian cues.

Japan’s Nikkei posted the longest winning-streak in its nearly 70-year history as markets cheered election victory of Japanese prime minister Shinzo Abe. Tokyo’s benchmark index rose 1.11% ending at 21696.65.

Moreover, continuous buying by domestic financial institutions also supported trading sentiment.

At 10:47 AM, Sensex was up by 132.34 to reach 32,641.34, while Nifty was tading up by 41.55 to go beyond 10,225.90 points. Sectoral indices led by oil & gas, realty, PSU and metal trading higher.

The top gainers were ONGC, NTPC, Tata Steel, Hindustan Unilever, Axis Bank, Asian Paint, ICICI Bank, Coal India, SBI, Maruti Suzuki, Wipro and Power Grid, rising up to 2.42%.

Domestic institutional investors (DIIs) bought shares worth Rs 307.84 crore in yesterday's trade, as per provisional data issued by the stock exchanges.

Meanwhile, the rupee strengthened by 11 paise to 64.91 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks.

Forex dealers said weakness in the dollar against a few currencies overseas as attention turned to who would be the next head of the US central bank, gave some support to the rupee.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)