Share Market Tips- Sensex, Nifty trade marginally higher; Zee Entertainment slips 4%

The company's step-down wholly owned subsidiary, Vensun Pharmaceuticals, Inc., USA and its partner Pharmaceutics International, Inc.have received approval for jointly developed Potassium Chloride Extended-Release Tablets USP, 10 mEq (750 mg), 15 mEq (1,125 mg), and 20 mEq (1,500 mg) product from the United States Food & Drug Administration (USFDA). Shares of Zee Entertainment Enterprises fell more than 3 percent after promoters of the media organization relinquished stake worth Rs 332 crore in recent months. Gold inched up on Tuesday but was trading near a more than three-week low touched in the previous session as the US dollar strengthened and equities rose. Indian indices opened higher on Tuesday with Nifty around 11,700 level.

At 09:16 hrs IST, the Sensex is up 86.98 points or 0.22% at 38958.85, and the Nifty up 9.70 points or 0.08% at 11678.90. About 505 shares have advanced, 169 shares declined, and 43 shares are unchanged. 

The major gainers are Eicher Motors, Dr. Reddys Lab, TCS, Infosys, Titan, Maruti Suzuki, Asian Paints while losers include Zee Entertainment, BPCL, Kotak Mahindra and HCL Tech.

Among the sectors, IT, Infra, FMCG, energy are trading higher, while some selling seen in the metal and banking stocks. Benchmark indices are trading higher in the pre-opening session.

At 09:01 hrs IST, the Sensex is up 82.60 points or 0.21% at 38954.47, and the Nifty up 46.60 points or 0.40% at 11715.80.

Tata Motors, Tech Mahindra, ONGC, IndusInd Bank are trading higher. Oil prices rose to fresh highs for the year on Tuesday, after a US official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.source- www.moneycontrol.com

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