Market Live: 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 percent in the pre-opening trade.

Market Opens: It’s a flat start to the market on Tuesday morning, with the Nifty opening below 10,950-mark.

The Sensex is down 24.41 points or 0.07% at 36299.36, while the Nifty is up 0.30 points or 0.00% at 10937.20. The market breadth is narrow as 260 shares advanced, against a decline of 175 shares, while 46 shares are unchanged.

IT stocks are trading in the red, while other sectoral indices are trading flat with a negative bias. Energy index is trading higher on the back of fall in crude prices. 

Shares of Hindustan Unilever is trading flat post its Q1 results. Sun Pharma, Bharti Airtel, HPCL and IOC are the top gainers, while Vedanta, Axis Bank, and Dr Reddy’s Labs have lost the most. 

Rupee opens:#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.

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 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 percent in the pre-opening trade. 

Two days Free Trials and best services packages for dealing in Stock market click here to get >> Nifty Market Tips and Ripples Advisory One Missed call on @9644405056