Markets have started the session on a higher note after witnessing choppy trades in last few trading days.
Investors would watch out for cues from the on-going winter session of the Parliament.
The Sensex was higher by 47 points at 26,207 and the Nifty has gained 12 points at 7,967.
"We continue to expect further bounce towards 8050 – 8150 levels. On the flipside, 7850 – 7810 are now seen as strong support levels for the Nifty. Meanwhile, a lot of individual stocks have done well and we expect continuation of the same in days to come" adds Angel Brokings morning report.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 106.78 crore yesterday as per provisional data released by the stock exchanges.
Most Asian stocks gained. US stocks rose yesterday helped by rebound in health and consumer shares.
In the overseas markets, review meeting of the European Central Bank (ECB) and the Organization of Petroleum Exporting Countries’ (OPEC) summit on Friday are events to watch out for.
Yesterday, the Reserve bank of India (RBI) maintained status quo on key benchmark rates following which the markets ended flat after trading range bound throughout the session.
Among buzzing stocks, Vedanta, GAIL, Hindalco, Bajaj Auto and Coal India have gained between 0.8-1.3%.
Hero MotoCorp reported a marginal increase in sales at 5,50,731 units in November. The stock is up almost 1%.
International oil and gas consultant DeGolyer & MacNaughton (D&M) on Tuesday gave its final report on the dispute between ONGC and RIL, establishing natural gas — believed to be worth Rs 11,000 crore. ONGC and RIL are marginally up.
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