Sensex opens marginally higher tracking postive global cues; Nifty above 22,450
equity indices opened marginally higher on Tuesday, mirroring a surge in global stocks driven by renewed confidence that major central banks worldwide will initiate interest rate cuts this year.
At the opening bell, the BSE Sensex advanced by 60 points or 0.08%, hovering at 73,956, while the Nifty50 traded at 22,470, up by 28 points or 0.12%, around 9.18 am.
Among the constituents of the Sensex, HUL, ITC, Nestle India, Titan, and Wipro commenced the session on a positive note, whereas HCL Tech, Power Grid, JSW Steel, Tata Motors, and M&M started with losses.
Godrej Consumer Products shares surged by 7% in early trade following a rise in demand for its home and personal care products, contributing to a reported increase in the company's fourth-quarter adjusted profit.
Meanwhile, Lupin shares declined over 5% after the drugmaker missed quarterly profit estimates as higher costs outweighed strong demand in North America and Indian markets.
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