Indian stock markets opened higher on Tuesday, ahead of the U.S. presidential election. The S&P BSE Sensex climbed 54 points, or 0.20 percent at 27513.05. The 30-share index touched a high of 27,600.71 in the morning trade. The Nifty50 rose 0.21 percent to 8514.60, reaching a high of 8,543.15 in the morning trade.
The S&P BSE Midcap Index rose around 0.3 percent, while the BSE S&P Smallcap Index gained around 0.4 percent.
ICICI Bank, Tata Motors and Wipro were among the major Sensex gainers.
India’s company Bharat Heavy Electricals Ltd. (BHEL) is expected to post a net profit of Rs 120 crore for the latest quarter ended September 30. BHEL will announce quarterly results later on Tuesday.
The Indian rupee gained 3 paise versus the U.S. dollar to trade at 66.71.
US stock markets closed higher overnight, with the Dow Jones Industrial Average gaining 2.08 percent, the S&P500 index gaining 2.22 per cent, and the Nasdaq Composite surging 2.37 percent.
US WTI crude futures on the NYMEX dropped 0.07 percent to trade at $44.86 per barrel.
Top market movers among the BSE index are as follows
- Shares of Vidli Restaurants Ltd. rose 20 percent to 138.05 INR.
- D & H India Ltd. shares surged 17 percent to 22.30 INR.
- Tanfac Industries Ltd. rose about 15 percent to 64.25 INR.
- Walchand Peoplefirst Ltd. shares gained around 15 percent to 208.00 INR.
- MPS Infotecnics Ltd. dropped around 33 percent to 0.10 INR.
- Pan India Corporation Ltd. fell around 14 percent to 0.30 INR.
- Punjab Chemicals and Crop Protection Ltd. slipped 13 percent to 206.00 INR.
- Prakash Constrowell Ltd. shares declined 10 percent to 11.20 INR.
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