The market opened in the positive territory while the Nifty crawled itself to the psychological 6000-mark. The Nifty was up 35.60 points at 6006.65 while the Sensex gained 118.32 points to be at 19791.96. Buying interest was seen in all the indices.

Jindal Steel, NTPC, RIL, Hero MotoCorp and Hindalco were the early gainers in the Sensex. The broader markets too were gathering steam as BSE Midcap index was up 0.5 percent. Emami surged 2.9 percent as its January-March quarter consolidated net profit stood at Rs 94 crore while net sales was Rs 451 crore.

After hitting new 52-week high on Monday, Finolex Industries surged another 6.4 percent today. It reported a strong set fourth quarter earnings. The profits of PVC-U pipe manufacturer surged 41 percent year-on-year to Rs 79.3 crore during the quarter due to drop in finance cost. The interest cost slipped to Rs 8.17 crore from Rs 19.36 cror, a year earlier.

Meanwhile, Coal India, HDFC and M&M were the major losers in the Sensex. GSK Pharma, Glenmark Pharma and UCO Bank are expected to announce January- March earnings today.

GLOBAL MARKETS ROUNDUP

Asian share markets inched higher on Tuesday after the Standard & Poor’s 500 Index closed at a record high overnight on renewed hopes for a steady U.S. recovery, but weak global growth data kept investors wary of pushing prices sharply higher.

The euro struggled to gain any momentum in early Asian trade on Tuesday, while the Australian dollar nursed losses as bears bet on the prospect of a cut in interest rates later in the session.

Brent crude oil rose more than 1 percent on Monday, surpassing $105 a barrel in choppy trade as Israeli air strikes on Syria prompted worries about Middle East supply to trump concern that global economic weakness may curb demand.

Prices for U.S. Treasuries slipped on Monday ahead of new supply later in the week, with investors extending a sell-off after stronger-than-expected jobs data on Friday.

LOCAL MARKETS PREVIOUS CLOSE
* BSE index 19,673.64 (+0.5 pct)
* NSE index 5,971.05 (+0.46 pct)
* Rupee 54.175/185 per dollar (53.935/945)
* 10-year bond yield 7.75 pct (7.74 pct)
* 5-year OIS rate 6.94 pct (6.89 pct)
* 1-year OIS rate 7.24 pct (7.20 pct)
* Call money 7.35/7.40 pct (7.10/7.20 pct)