The Market quickly recovered from early weakness. The Sensex is up 123.55 points at 28350.94 and the Nifty is up 36.95 points at 8563.30. About 695 shares have advanced, 450 shares declined, and 149 shares are unchanged. Hindalco is up 3 percent. Tata Motors, Tata Steel, SBI and Axis Bank are gainers in the Sensex. Among the losers are Dr Reddy's Labs, Tata Power, L&T, ONGC and Bharti Airtel.
The Indian rupee has opened flat at 62.15 per dollar on Tuesday against previous day's closing value of 62.17 a dollar.
The dollar slips somewhat after a payrolls-inspired rally ran out of steam. The dollar index is a tad softer but not far from an 11-year peak scaled last month.
Stocks in the US closed lower despite oil settling higher, as concerns about Greece continued to weigh. The CBoE VIX closed around 18 levels.
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