Sensex up 100 pts, Nifty above 11,650; Tata Motors surges 10%
After opening flat, the Indian market moved higher, backed by gains in shares of select heavyweights, such as Reliance Industries, TCS and Tata Motors. Asian shares scaled a three-month high after Wall Street hit all-time peaks amid hopes of progress in Sino-US trade talks and for another dose of policy stimulus from the Federal Reserve this week.
Asian shares scaled a three-month high on Tuesday after Wall Street hit all-time peaks amid hopes of progress in Sino-U.S. trade talks and for another dose of policy stimulus from the Federal Reserve this week.
Rupee update: The Indian rupee gained in the early trade on October 29. It opened higher by 14 paise at 70.74 per dollar versus Friday's close 70.88.
Results on October 29: Bharti Airtel, Atlas Cycles, Hindustan Zinc, Petronet LNG, SKF India, Tata Metaliks and Wonderla Holidays are among the companies that will declare their September quarter numbers today.
Stocks in the news: Bharti Airtel, Reliance Capital, GVK, Tata Power, Marico, Vodafone, Dr Reddy's Lab