Tips for Getting Higher Returns from Stock Market

The Indian rupee opened flat at 61.33 per dollar versus 61.31 Monday.

Asian shares wobbled in early trade on Tuesday, with investors cautious ahead of the U.S. Federal Reserve's two-day meeting and as oil prices extended declines.

The S&P BSE Sensex opened on a positive note led by gains in banks, capital goods and pharmaceuticals even as the Asian markets remained mixed ahead of the US Federal Reserve meet.

BSE index 26,752.90 (down 0.37 pct)
NSE index 7,991.70 (down 0.29 pct)
Rupee 61.30/31 per dlr (61.31/32)
10-year bond yield 8.32 pct (8.36 pct)
5-year OIS rate 7.48 pct (7.48 pct)
1-year OIS rate 8.00 pct (8.02 pct)
Call money 8.20/8.25 pct (8.95/9.00 pct)

The Bank Nifty seems resilient and more willing to sustain gains made over the last week, says CK Narayan of Growth Avenues. Furthermore, he advises investors to buy Bank Nifty on dips to 16,300 levels, where he sees well-defined support.

The Nifty was at 8,009.05, up 17.35 points or 0.22 per cent. It touched a high of 8,013.70 and a low of 7,999.65 in trade today.

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