INSUBCONTINENT EXCLUSIVE:
Sensex today: ICICI Bank, HDFC Bank and Reliance Industries were the top contributors to the upmove
Stock markets started Tuesday's session on a strong note, a day after credit ratings major Moody's said that the operating environment
for Indian banks will be stable but economic slowdown poses challenges to the sector
The S-P BSE Sensex index rose as much as 263.84 points to touch 37,950.21 in early trade, and the broader NSE Nifty benchmark climbed to
11,267.45, up 78.25 points from the previous close
Gains across sectors - led by financial, automobile, pharmaceutical and metal shares - pushed the markets higher
The domestic markets also tracked gains in Asian peers, where investors prepared for an expected interest rate cut in the US this week
Here are 10 things to know about the share market today:At 9:37 am, the Sensex traded 203.42 points - or 0.54 per cent -
higher at 37,889.79, while the Nifty was up 64.85 points - or 0.58 per cent at 11,254.05.Top gainers on the 50-scrip benchmark index at the
time were JSW Steel, Cipla, Eicher Motors, Bajaj Finserv, Grasim, Tata Steel and ICICI Bank, trading between 1.49 per cent and 2.07 per cent
economic growth, Moody's Investors Services said in a report on Monday
The stress faced by the NBFI sector and economic slowdown can also hamper asset quality improvements, it added.Analysts awaited more large
quarter ended June 30 later in the day
South Korea's KOSPI advanced 0.2 per cent and Japan's Nikkei added 0.7 per cent
Australian stocks climbed as much as 0.7 per cent to clock a record high.The Federal Reserve - the US central bank - begins a two-day policy
meeting later on Tuesday, at which it is widely expected to lower interest rates by 25 basis points
If implemented, it would be the central bank's first rate cut in a decade.Prospective monetary easing by the Fed has been a key factor
behind the recent bull run by global equities, particularly US stocks, which have notched up record highs over the past month.The Sensex and
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