Nifty above 8250, Sensex climbs over 100 pts; 

Infosys gains 1% Tata Motors, Infosys, ICICI Bank, Axis Bank and Bajaj Auto are top gainers while Dr Reddy's Labs and Bharti Airtel are losers in the Sensex growth: China's economic growth in 2016 was expected to be around 6.7 percent, Xu Shaoshi, director of the National Development and Reform Commission (NDRC), said on Tuesday. Consumption accounted for 71 percent of China's GDP growth in the first three quarters of 2016, Xu told a media briefing in Beijing

China's government had targetted 6.5-7 percent economic growth in 2016. Activity was boosted by higher government spending, a housing rally and record high levels of bank lending, which, however, also led to an explosive increase in debt.Buzzing: Shares of Max Ventures & Industries surged 18 percent in early trade Tuesday after the board approval for stake sale to a subsidiary of New York Life Insurance Company. "The board of directors of the company, on January 9, made a preferential offer, subject to shareholder approval, to issue common stock to a subisdiary of New York Life Insurance Company," the company said in its filing. A subsidiary of New York Life Insurance Company will acquire a 22.51 percent equity stake in Max Ventures at an offer price of Rs 78 per share aggregating to Rs 121 crore on a diluted basis

After this deal, it will be entitled to one nominee director to the board of Max Ventures. New York Life is the largest mutual life insurance company in the United States and one of the largest life insurers in the world, with more than USD 500 billion under management. 9:30 am FII view: Surendra Goyal, Citi says the market is likely to be rangebound till some clarity emerges. He maintains September 2017 target of 30,000 on the Sensex. “UP Elections will be keenly watched given the debate and divided public view on demonetisation. Budget: Lower personal taxes and higher rural spending likely. Strong USD likely to be a challenge for EM flows and India's correlation to USD is negative. Domestic flows remain strong. Our key Overweights are private sector banks, pharma and industrials while key  are materials, IT and consumer staples,” he adds. Don't miss: 

  Buy, sell, hold: 21 large & midcap stocks to boost portfolio The market has opened in green. the Sensex is up 105.04 points or 0.4 percent at 26831.59, and the Nifty is up 31.95 points or 0.4 percent at 8268. About 601 shares have advanced, 154 shares declined, and 280 shares are unchanged. Tata Motors, Infosys, ICICI Bank, Axis Bank and Bajaj Auto are top gainers while Dr Reddy's Labs and Bharti Airtel are losers in the Sensex. The Indian rupee has opened higher by 13 paise at 68.08 per dollar against previous close 68.21. Bhaskar Panda of HDFC Bank says Dollar Index has been taking a beating after recent highs

Given this background, the USD-INR pair is expected to trade within a range of 67.90-68.20/dollar today, he feels. US dollar weakened against the safe-haven yen as investors' reduced appetite for risk. The pound declined to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit. Asian markets started on the back foot, after the Dow retreated further from the 20,000 mark and oil prices plunged as much as 4 percent overnight

Australia's ASX 200 was down 0.46 percent in early trade, weighed heavily by losses in its energy sub-index as oil prices plunge.  Declines in energy and financial stocks weighed on the S&P 500 on Monday and helped stall the Dow's pursuit of the 20,000 milestone ahead of earnings season and expected US policy changes under the Donald Trump presidency. The Nasdaq notched a record high close, extending its bullish run with help from healthcare stocks. The S&P's energy sector dropped 1.5 percent as oil prices slid on concerns that rising Iraqi exports and US output could dampen the impact of a deal among major producers to limit output. 

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