The market has opened
in green territory. The Sensex is up 53.50 points at 28473.62, and the Nifty is
up 20.65 points at 8624.10. About 538 shares have advanced, 201 shares
declined, and 85 shares are unchanged.
Infosys is up 8 percent
after it announced stellar Q1 earnings. Sun Pharma is down 14 percent after it
issued earnings warnings. Bharti, Wipro, HDFC and TCS are other top gainers in
the Sensex. Among the losers are Vedanta, Lupin, Axis Bank and Tata Steel.
The Indian rupee has
opened lower at 63.70 per dollar against previous day's closing value of 63.66
a dollar.
Gold prices plunged to
their lowest in more than five years while copper prices hit their lowest in
nearly two weeks. Oil prices fell on signs of a growing glut in refined
products to pull the S&P energy index down 1.3 percent. Asian stocks traded
mixed early Tuesday, as traders kept a wary eye on the drop in commodity
prices.
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