BSE Sensex rises 32 points, Ranbaxy Laboratories shares in red

SensexThe 30-share benchmark index BSE Sensex rose 40.64 points or 0.21% to 19732.31 in pre-open trade. (Reuters)

The 30-share benchmark index BSE Sensex rose 32.35 points or 0.16% to 19724.02 while NSE Nifty rose 5.95 points 0.10% to 5986.40 in early trade today.

Dr Reddy's Lab, MMTC, Bharti Airtel and Cadila Health were among the major stocks trading in green zone while Ranbaxy Laboratories, Tata Steel, Berger Paints and HDFC Bank were among the major losers in opening trade.

Sensex had lost a whopping 430.65 points or 2.14% to 19,691.67 yesterday, making it the worst day for the stock market since February 27, 2012, when the BSE index had fallen nearly 478 points. The steep fall in stock market left investors poorer by Rs 1 lakh crore.

National Stock Exchange's Nifty dropped by 2.08 per cent to close at 5,980.45.

Indian stocks to watch - May 14


Nifty futures on the Singapore Exchange are 0.26 percent up and the MSCI-Asia Pacific index excluding Japan is 0.41 percent higher.

Asian shares paused from selling on Tuesday while the dollar was underpinned by better-than-expected U.S. retail sales suggesting a steady recovery in the world's largest economy.

U.S. stocks closed little changed on Monday, pausing after hitting record highs last week, but strength in healthcare issues helped to keep declines in check. FACTORS TO WATCH

India will release wholesale prices-based inflation data for April around 0630 GMT. WPI is expected to have risen 5.5 percent on year in April, a Reuters poll shows, marking the slowest pace since November 2009. Core WPI is expected to have risen 3.5 percent.

Earnings of Reliance Infrastructure Ltd, Dr.Reddy's Laboratories Ltd.

Top India iron ore exporting state sees mining resuming by December.

India's cheap food plans to cost more than budgeted.

... contd.

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