Markets Trade Higher As Dow Futures Surge On Stimulus Hopes

Indian markets traded higher, as Asian markets were trading with gains, as Dow Futures were showing gains of near 4 per cent, which pushed most markets higher.

The Sensex was trading higher by 225 points, after a record fall witnessed on Monday, in which the Sensex lost almost 4,000 points.

The Nifty was last seen trading higher by 57 points, at 7762 points.

Most of the banking stocks, which were hammered on Monday, continued to fall. HDFC Bank, IndusInd Bank and Bandhan Bank were all trading with losses.

Infosys rose after the company in a statement said that the Securities and Exchange Commission had completed its investigation and that it has co-operated with the investigations with them.

Shares in IPCA has been rising in a falling market, after the US FDA removed curbs on IPCA Labs for enabling the company to export anti malarial drugs. The stock was up 7 per cent in trade. Yes Bank was the only stock that dropped from the Nifty.

Meanwhile, the rupee opened higher against the dollar by 22 paise at 76.07 per dollar on Tuesday against previous close of 76.29 per dollar.