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The Nifty and the Sensex ended marginally higher on Tuesday amid weak global cues.
The Nifty ended at 6,203.35, up 14.35 points or 0.23 per cent and the Sensex at 20,890.82, up 40.08 points or 0.19 per cent.
Realty, Capital Goods, TECk and Banking scrips supported the Sensex movement and were up 1.51 per cent, 1.28 per cent, 0.46 per cent and 0.35 per cent, respectively.
On the other hand, Consumer Durables, FMCG, Healthcare and Power sector stocks lost investors' support and were down 0.69 per cent, 0.45 per cent, 0.24 per cent and 0.18 per cent, respectively.
Jindal Steel, Hindalco, Maruti, SBI and Bharti Airtel were the top five Sensex gainers, while the top five losers were SSLT, HDFC Bank, Coal India, TCS and Wipro.
The rupee was trading strong by 31 paise at 62.09 against the dollar due to increased selling of the US currency and inflows into the debt and equity market.
According to Equentis technical outlook market report, going ahead macro-economic data, FIIs activity and global market will set the market direction trend.
"Global market trend, FII activity and dollar-rupee pair move will dictate the near-term trend for Indian markets.
Indian rupee is trading in a stable range and is now trading near 62. Stronger rupee could help to control inflation, reduce import bill, current account deficit and may support in economic growth but weak rupee will hit companies by high import cost and high foreign debt."
"On the other hand, IT companies could be benefited from the rupee's decline, as weak rupee boosts the revenue of IT firms in rupee terms as the sector revenue derives from exports," the report added.
European stocks were down as investors weighed equity valuations after the Stoxx Europe 600 Index rallied to a five-year high. Asian shares were also down.
Investors awaited the release of minutes of the US Fed October 29-30 meeting tomorrow for any clues as to when the US central bank will start unwinding its $85 billion-a-month stimulus programme, although many in the markets now see any move unlikely until March.
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