BSE Sensex up over 100 points in morning trade, Nifty above 8550

The BSE benchmark Sensex opened on a flat note, but soon recouped and was trading over 100 points up in morning trade on Tuesday.
At 9.24 am, Sensex was up 117.03 points at 28,325.79. Similarly, Nifty was up 34.75 points at 8,556.90 during the same time.
The benchmark Sensex bounced back 115.97 points on Monday to close at 28,208.76 on late buying in some blue chips, led by healthcare, oil and gas, realty and FMCG sector stocks. It had opened over 317 points down tracking weak Asian cues as Greek voters said ‘no’ to bailout terms as demanded by its creditors.
Asian stocks won a reprieve on Tuesday after sharp falls the previous day but investors remained on edge amid uncertainty over Greece’s position in the euro and volatility in mainland Chinese equity markets.
Chinese shares dropped almost two percent in early trading, reversing much of gains made on Monday following unprecedented steps to stabilise a plummeting market.
Japan’s Nikkei rose 1.2 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan , which fell to six-month low on Monday, was up 0.3 per cent.
Sterlite Technologies: The stock is up 5.59 per cent at 9.29 am on BSE Sensex after the Anil Agarwal-led company said on Monday that is now vying for strategic project in the defence sector worth Rs 7,000 crore.
Spicejet: The low cost airlines shares were up 1.27 per cent on BSE at 9.30 am. SpiceJet on Monday offered another limited period low fare scheme ‘Red Hot Fares Sale’, offering starting ticket prices as low as Rs 1,899 for flights across western and southern domestic network.
Larsen and Toubro Finance: Stocks up 4.67 on BSE. On NSE it was 5.42 per cent. According to media reports, American private equity fund Warburg Pincus is in talks to purchase at least one-fourth of financial services firm L&T Finance Holdings.
VA Tech: The stocks are up 1.13 per cent at 9.36 am on BSE. At NSE, it is up 1.58 per cent. Water treatment player VA Tech Wabag along with its joint venture firm Belhasa Projects has bagged its first engineering, procurement and construction order in Bahrain worth Rs 580 crore.

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