BSE, NSE touch fresh 52-week high; Nifty cross 8,900-mark

The domestic markets on Tuesday continued to remain at day's high with banking shares in the lead. The public banking sector shares were up 1.83% and private banking sector shares were up 1.78% 

At 1318 hours the BSE Sensex was trading at 28,844.94, up 312.83 points, or 1.10%. While NSE Nifty was trading at at 8,904.50, up 94.85 points, or 1.08%.

The domestic markets on Tuesday opened in green due to positive Asian cues and Indian macro data announced on Monday. BSE Sensex during early trade touched a fresh 52-week high of 28,785.71 and NSE Nifty touched 8,877.10

The markets on Monday were closed on the occassion of Ganesh Chaturthi. 

On 30-share benchmark, among top gainers were Axis Bank (4.15%), Tata Motors (3.31%), Tata Steel (3.02%), Maruti Suzuki (2.42%) and ICICI Bank (2.28%). Among losers were Coal India (1.71%), Tata Consultancy Services (0.97%) and Wipro (0.38%).

The Rupee opened higher today by 29 paise at 66.53 against US Dollar as against the previous close of 66.82.

On Monday, services sector growth touched the highest level in over three-and-a-half years, driven by new business orders amid improved market conditions, but trend in employment remained comparatively subdued, said a survey.

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks changes in activity at services sector companies on a monthly basis, stood at 54.7 in August, up from 51.9 in July, registering an expansion in each of the past 14 months.

On the global market front, Asian shares edged up but were mostly in a holding pattern after Monday's US holiday, as investors awaited a policy decision from the Reserve Bank of Australia, a Reuters report said.

European stocks touched an eight-month high in choppy trading then reversed as trading wound down in the absence of US markets, which were closed for Labor Day, the report added. 

Japan's Nikkei stock index was up 0.1%, with the dollar steady on the day against its Japanese counterpart at 103.47 yen.