Free Market Analysis on Equity Market

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The market has opened marginally higher on Tuesday morning following correction in crude oil prices. The Sensex rose 51.81 points to 26085.94 and the Nifty gained 3.85 points at 7929. NTPC, Lupin, Adani Ports, Tata Steel and GAIL were early gainers while Maruti Suzuki, ICICI Bank, ONGC, ITC, TCS, Cairn India and HCL Tech were under pressure.

The Sensex and Nifty are set to open on a positive note tracking gains on the Nifty future traded on the Singapore stock exchange. The SGX Nifty or Singapore Nifty was up 0.39 per cent or 31 points at 7,929.Meanwhile, other Asian stock markets were trading on a subdued note with Japanese and South Korean equities slipping, after crude oil prices resumed their slide and cooled investor sentiment., after crude oil prices resumed their slide and cooled investor sentiment.