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Markets Move Higher, OMC Stocks Fall

Domestic markets remained volatile on Tuesday, pressuring to move up as Crude oil prices continue its rally. Crude Oil prices gained thus far today after United States announced, that all Iran sanction waivers would end by May. Asian markets were mostly flat today. Meantime, investors keep close watch on Election as voting commenced today in the 3rd & largest phase of the LokSabha elections.

During Mid-morning trade at 11:50-hrs, The BSE Sensex was up 137 points at 38782-level while Nifty50 hovered at 11,634-level up 40 points.

Among the Nifty stocks, Zee Entertainment rose over 5pc on Monday, supporting the index.  Other leading stocks in the index are Yes bank, Sun Pharma, and Reliance among others.  ON the other hand, Gail, NTPC and BPCL were falling over 1 percent.

Shares of Lupin rose 3pc after Morgan Stanley has upgraded shares of the company to Overweight

Shares of oil marketing companies continue to take a hit from higher crude prices. IOC, BPCL and HPCL fell over 1pc