The market has opened in green after the severe loss on Monday. The Sensex is up 57.02 points at 27618.40 and the Nifty is up 16.25 points at 8377.25. About 566 shares have advanced, 174 shares declined, and 66 shares are unchanged.
ICICI Bank, Bharti Airtel, Infosys, Maruti and Hero are top gainers in the Sensex while Tata Motors, GAIL, M&M, HDFC and Axis Bank are among laggards.
The Indian rupee opened marginally higher by 5 paise at 64.11 per dollar on Tuesday against previous close of 64.16.
Crude prices slipped further, with the Nymex trading close to a four-month lows after a stock market sell-off rattled investors, adding to concerns of an oil supply glut. Brent crude slipped below USD 54.
Precious metal gold is trading near its 5.5 year lows with expectations for a near-term US interest rate hike seen keeping momentum firmly with the bears.