Indian equity markets opened with a marginal gain on Tuesday and were in the green in early trade, with buying interest in FMCG, oil and gas and IT stocks. But bank, metal and auto stocks were under selling pressure.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 73.28 points at 15,577.20 points. Ten minutes into trade, it was at 15,553.66 points, still 49.74 points or 0.32 percent above its closing figure on Monday.
At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,622.35 with a marginal gain of 1.95 points or 0.04 percent from its previous close.
The market breadth was positive. On BSE, 719 shares advanced, 499 declined and 48 remained unchanged.
Reliance Industries, Satyam Computer and Jaiprakash Associate were among the gainers while Maruti Suzuki, Sterlite Industries and HDFC were among the losers in initial trade.
Other Asian markets were trading lower.