• Source:JND
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Stock Market:  Domestic institutional investors' continued buying and a rally in US markets, as well as value buying at lower levels, helped the equity benchmark indices Sensex and Nifty rise in early trade on Tuesday. The BSE benchmark Sensex advanced 324.83 points to 79,820.98. The NSE Nifty climbed 100.7 points to 24,242. Bharti Airtel, ICICI Bank, Sun Pharma, Axis Bank, Tata Steel, Titan, Reliance Industries and Power Grid were the biggest gainers from the 30-share Sensex pack.

According to exchange data, foreign institutional investors sold equities worth Rs 2,306.88 crore on Monday, while domestic institutional investors purchased shares worth Rs 2,026.63 crore. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative. Wall Street ended higher on Monday.

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The global benchmark Brent crude fell 0.15 per cent to $71.72 a barrel. After moving in a range between highs and lows, the BSE benchmark edged up 9.83 points, or 0.01 per cent, to 79,496.15 on Monday. The Nifty fell 6.90 points, or 0.03 per cent, to 24,141.30.

Rupee hits fresh all-time low

The rupee weakened by 2 paise to an all-time low of 84.40 against the US dollar in early trade on Tuesday. Forex traders said the rupee is likely to trade in a range of 83.80-84.50 in the medium term and the Reserve Bank of India (RBI) is likely to limit any sharp fall with the help of its strong foreign exchange reserves.

At the interbank forex market, the rupee opened at 84.39 against the greenback, then slipped further to an all-time low of 84.40, registering a decline of 2 paise from its previous close.

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