INSUBCONTINENT EXCLUSIVE:
Domestic stocks opened higher on Tuesday, tracking positive cues from other Asian markets.
Stocks in Asia gained as there were hopes that
Britain had a chance to avoid a hard exit from the European Union at key negotiations this week
For India, upside though remained capped amid data showing a surge in domestic inflation to a 14-month high
Uncertainty over the progress of US-China trade talks also kept upside under check
The 30-share Sensex climbed over 130 points in early trade to trade at 38,350
trade, after French energy giant Total SA decided to buy 37.4 per cent stake in gas distribution company.
Lakshmi Vilas Bank tanked 5 per
cent after Reserve Bank of India imposed a penalty of Rs 1 crore on the bank for non-adherence to guidelines.
Newly-debutant IRCTC fell 1.6
per cent to Rs 717 on BSE after having a stellar debut on Monday
Infosys emerged as the biggest loser on Nifty and Sensex, falling 2 per cent on both the exchanges
The scrip was trading at Rs 769 on NSE.
Most of the sectoral indices on NSE were trading in the red with Nifty Metal being the biggest
loser, down over 1 per cent
FMCG and pharma indices were major gainers, each up about 0.5 per cent
Broader markets were trading in the red, underperforming their headline peers
Nifty Midcap was down 0.3 per cent and Nifty Smallcap was trading with a minor cut of 0.04 per cent.
The September consumer inflation rate
rose to 14-month high, close to 4 per cent
The gains were also capped by a crucial Brexit meeting scheduled later this week as traders waited for the outcome.