Sensex rises marginally, up 10 pts

The BSE benchmark Sensex rose marginally by 10 points in the opening trade in on selective buying by funds and retailers.

The 30-share barometer, which had gained 111.13 points in the previous session, rose by 10.41 points, or 0.05 per cent, to 18,803.85.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 1.25 points, or 0.02 per cent, to 5,718.40.

Brokers said continued buying, though selective, by funds and retail investors, helped Sensex to trade in the positive territory.

They, however, said participants preferred to adopt a cautious approach on a weak trend in Asian markets and tomorrow's holiday at the domestic bourses.

Meanwhile, in the Asia, Japan's Nikkei fell by 0.35 per cent, while Hong Kong's financial markets are closed.

The US Dow Jones Industrial Average ended 0.02 per cent higher in yesterday's trade.

GLOBAL MARKETS ROUNDUP

* Nifty futures on the Singapore Exchange falls 0.12 percent. The MSCI-Asia Pacific index excluding Japan was down 0.04 percent.

* The Dow and the S&P 500 ended flat on Monday after a late-day bounce, as worries about slower global growth hitting corporate sales were offset by earnings that beat expectations.

* Asian shares edged higher on Tuesday but sentiment was cautious, after global shares faltered overnight on weak corporate results and outlook, and with Asia's corporate reporting season underway.

FACTORS TO WATCH

* Earnings: Hero MotoCorp, Lupin, Yes Bank and Sterlite Industries

INDIAN STOCKS TO WATCH For additional press items double click NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy.

TOP NEWS

Kingfisher Airlines is offering to pay three months wages by Nov. 13 and clear the arrears every month after that, if striking employees return to work by Friday.

* India is seeking to boost investment by slashing its withholding tax on rupee-denominated infrastructure bonds to 5 percent from 20 percent, a Finance Ministry document seen by Reuters shows.

... contd.

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