There is buying seen among all sectors, with banks being one of the top gainers. This is followed by IT, auto, pharmaceuticals, and metals, among others.

Jet Airways falls 2%: Shares of Jet Airways were trading lower by 2 percent as investors reacted negatively to news reports of a siphoning off probe into the airline.

The stock touched an intraday high of Rs 298.00 and an intraday low of Rs 293.75.

On August 20, 2018, it was reported that fresh trouble is around the corner for Naresh Goyal-owned Jet Airways as the Ministry of Corporate Affairs (MCA) has opened a preliminary inquiry into the carrier on suspicion it siphoned off funds.

A senior official confirmed that the Mumbai Registrar of Companies (RoC) will inspect Jet’s books of accounts.

Equities are off to a record high start, following the rally on Monday. There is buying seen among all sectors, with banks being one of the top gainers. This is followed by IT, auto, pharamceuticals and metals, among others. The midcap index is also trading in the green. 

The Sensex is up 77.31 points or 0.20% at 38356.06, while the Nifty is up 26.70 points or 0.23% at 11578.50. The market breadth is positive as 405 shares advanced, against a decline of 140 shares , while 51 shares are unchanged. 

Among stocks, ONGC, Vedanta, HCL Tech and Tech Mahindra are the top gainers, while Airtel, Power Grid, and ICICI Bank are the top losers. 

The Indian rupee opened higher by 17 at 69.65 per dollar on Tuesday versus previous close 69.82.

The dollar-rupee August contract on the NSE was at 69.86 in the previous session. August contract open interest declined 7.19% in the previous session, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added

The rupee made a strong comeback in Monday's trading session as it ended higher by 33 paise at 69.82 against Thursday's close of 70.15.

Pre-opening rates indicate a flat to positive start to the market with Nifty holding above 11,550 and Sensex trading above 38,000.

At 09:01 hrs IST, the Sensex is up 58.37 points at 38,337.12, and the Nifty up 23.70 points at 11,575.50.

Bharti Airtel, Apollo Tyres are among major losers, while L&T, BoB, Maruti Suzuki, Eicher Motors and Tech Mahindra are some of the gainers.

For more such news & to get Free Stock Tips from Ripples Advisory, visit >> Free Equity Tips On Mobile or give a missed call at @9644405056