Sensex sees mildly higher start in pre-opening, Nifty around 10,950; HUL in focus
Shares of Hindustan Unilever would be in focus post its Q1 results; the stock is up 3 per cent in the pre-opening trade.
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Rupee open's: Rupee opens The Indian rupee gained in the opening trade on Tuesday. It has opened higher by 18 paise at 68.39 per dollar versus 68.57 yesterday.
The rupee continued to consolidate in a broad range of 68.50 and 69.00(Spot) since the last fourteen sessions despite volatility in global crude and strength in the dollar against its major crosses, said Motilal Oswal.
In the last few sessions, crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that the US could tap its Strategic Petroleum Reserve, which would add supply to the market. Sharp sell-off in crude oil prices is expected to support the rupee in the intraday session.
Market Pre-open: D-Street is likely to witness flat start on Tuesday morning, with the Nifty hovering near10,950.
At 09:02 hrs IST, the Sensex is up 82.68 points or 0.23% at 36406.45, while the Nifty is up 3.50 points or 0.03% at 10940.40. The market breadth is positive as 2 shares have advanced, while 1 share has declined, while 2776 shares are unchanged.
Shares of Hindustan Unilever would be in focus post its Q1 results; the stock is up 3 per cent in the pre-opening trade.
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