Sharemasterindia.com 9:17 a.m.: The Indian markets have opened on a flat note; the Sensex was up 90 points at 27,735 and Nifty jumped 28 points to 8,346.
Buying was seen in FMCG, capital goods, realty, metal and select banking stocks.
From the Nifty-50 basket of stocks, 42 stocks were advancing while 8 were declining.
Coal India was the top Nifty gainer, up 1.5 per cent at Rs 413.85. Morgan Stanley has maintained its 'overweight' rating on the stock for target price of Rs 530 per share.
Kotak Mahindra Bank, HUL, Vedanta, Asian Paints, Larsen & Toubro, HDFC, Yes Bank and Bank of Baroda were also among the gainers.
9:08 a.m.: The Sensex slipped 18 points to 27,627 and the Nifty was down 1 point at 8,317 in the pre-market session.
9:06 a.m.: S V Prasad of Chime Consulting told NDTV that India's macro-economic fundamentals are on a strong wicket and European Union could announce a bigger stimulus.
9:00 a.m.: Rupee opens higher at 63.75 per dollar against Monday's close of 63.84.
8:57 a.m.: The SGX Nifty was down 0.24 per cent or 20 points at 8,300 levels.
8:45 a.m.: Morgan Stanley has maintained its 'overweight' outlook on Coal India for target price of Rs 530 per share. Morgan Stanley says that Coal India is transforming into a new company and looks much better positioned for growth. Morgan Stanley is convinced about its volume growth and pricing power and expects 31 per cent CAGR in EBITDA over FY2015-18.
