Tata Steel, Tata Motors, Tata Power, Sun Pharma, HUL, Reliance Industries, Larsen & Toubro, TCS, Lupin, Wipro and Vedanta gained up to 2 percent in early trade.

The BSE Sensex opened higher on Tuesday against the previous session’s closing. The broader NSE’s Nifty, also, rose in the morning hours. The Indian rupee opened marginally weak against the US dollar. The shares of Tata Steel, Sun Pharma, Asian Paints rose, whereas the shares of Coal India and ONGC fell.

Asian shares joined the global equities rally, hitting a 10-year peak on Tuesday with MSCI’s broadest index of Asia-Pacific shares outside Japan gaining 0.1% to its highest level since late 2007. Japan’s Nikkei up 1% while MSCI’s broadest gauge of the world’s stock markets covering 47 markets hit a new record high, having made its biggest gains in about two months.  Overnight, on Wall Street, S&P 500 Index surged over 1% to a record high close of 2,488

Government on Tuesday will issue IIP and CPI for the month of July and August month, respectively. According to the Bloomberg analyst estimates, IIP will be at 1.7% in July versus -0.1% last month while CPI will be 3.27% in August from 2.36% a month ago. Here are the latest updates from the markets

Tata Steel has concluded a new agreement under which its UK business stands separated from the 15-billion pound British Steel Pension Scheme (BSPS).

9:45 am SEBI approval: Godrej Industries arm Godrej Agrovet has received capital markets regulator Sebi’s go-ahead to raise an estimated Rs 1,000-1,200 crore through an initial public offering.

The company had filed draft red herring prospectus (DRHP) with Sebi in July and received its ‘observations’ on September 8, which is very necessary for any company to launch public offer, as per the latest update with the markets regulator.

source: livemint.com