Sensex, Nifty open lower, Bharti Airtel rallies, rupee falls

Sensex closes 35 pts higher on choppy trade TCS hits $100 bn market cap

Choppy Start For Markets: Sensex Edges Lower, Nifty Holds 10550

Key metal shares, however, witnessed profit-booking. At 9.31 a.m, the Sensex was trading down 42.01 points or 0.12% at 34,574.63 with 17 components falling.

The broader 50-shares NSE Nifty was up 23.90 points (0.22 percent) to 10608.60.

The BSE 30-share Sensex took off on a positive note at 34,491.38 and advanced to the day's high of 34,706.71 before ending at 34,616.64, up 165.87 points, or 0.48 per cent.

Metal stocks remained under pressure in sync with subdued global trends in aluminium and other base metals as the softening of the United States sanctions on Russian producer Rusal continued to weigh on prices.

"Markets ended with moderate gains on Tuesday after (the Nifty50) finding support at the 10,569 levels", Deepak Jasani, Head - Retail Research, HDFC Securities, told IANS.

NTPC (down 1.68%), Axis Bank (down 1.16%), ONGC (down 0.96%), Asian Paints India (down 0.93%), Larsen & Toubro (down 0.9%) and Tata Steel (down 0.76%), were the major losers in the Sensex pack.

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In the Sensex gainers' list, RIL was followed by Yes Bank (3.31 per cent), M&M (1.94 per cent) and Adani Ports (1.74 per cent).

On NSE, the top gainers were Bharti Airtel, Wipro and TCS.

Sector-wise, realty rose 1.78 per cent, healthcare 1.29 per cent, consumer durables 0.68 per cent, IT 0.67 per cent, teck 0.55 per cent, oil & gas 0.49 per cent, auto 0.33 per cent, PSU 0.25 per cent and bankex 0.24 per cent. Domestic investors, on the other hand, net purchased equities worth Rs 508.55 crore. Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world's largest corporations, while keeping a wary eye on USA bond yields as they approach peaks that have triggered market spasms in the past.

However, metal, FMCG and infrastructure fell by up to 0.90 per cent. Wipro ended flat ahead of earnings that announced after market hours; the company reported a 6.7 percent sequential decline in consolidated profit for March quarter and expects IT services revenue in Q1FY19 in the range of Dollars 2,015-2,065 million.

Bharti Airtel also ended 0.61 per cent higher while IDFC Bank dropped 1.24 per cent ahead of their Q4 results.

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