Indian Markets Open Higher; BSE Sensex Up Over 100 Points

Indian stock markets were trading higher on Tuesday. The S&P BSE Sensex climbed 104 points, or 0.39 percent at 26452.93, while the Nifty50 rose 0.41 percent to 8161.95.

The BSE Midcap index gained 0.42 percent, while the BSE Smallcap index rose 0.46 percent.

The Indian rupee rose 14 paise percent to trade at 68.08 versus U.S. dollar on Tuesday. The dollar index was trading at 100.17 on Tuesday.

Direxion Daily India Bull 2X Shares INDL rose 3.43 percent to close at $45.88 on Monday, while PowerShares India Portfolio (ETF) PIN gained 1.15 percent to close at $19.42.

US stock markets closed higher on Monday, with the Dow Jones Industrial Average gaining 0.24 percent, the S&P500 index rising 0.58 per cent, and the Nasdaq Composite gaining 1.01 percent.

US WTI crude futures on the NYMEX dropped 0.95 percent to trade at $51.30 per barrel.

Top market movers among the BSE index are as follows

• Suditi Industries Ltd. shares gained around 20 percent to 49.80 INR.
• Sanghvi Forging & Engineering Ltd. rose about 17 percent to 43.00 INR.
• Arihant Foundations & Housing Ltd. rose 14 percent to 69.55 INR.
• Swasti Vinayaka Synthetics Ltd. shares surged 7 percent to 2.70 INR.

• GCM Capital Advisors Ltd. shares dropped around 20 percent to 8.28 INR.
• Wallfort Financial Services Ltd. tumbled 17 percent to 41.15 INR.
• International Conveyors Ltd. fell around 13 percent to 18.30 INR.
• Piccadily Sugar and Allied Industries Ltd. shares declined 11 percent to 8.51 INR.