Mumbai, July 8 - Benchmark Sensex and Nifty were trading marginally higher on Tuesday morning after a weak start ahead of investors' expectations of a formal announcement of a trade deal with the US. The 30-share BSE Sensex fell 121.55 points to 83,320.95 in early trade. The 50-share NSE Nifty fell 37.15 points to 25,424.15.
However, both the benchmark indices soon recovered from their initial losses and were trading marginally higher. The BSE benchmark was trading 86.13 points higher at 83,526.55 and the Nifty was trading 19.75 points higher at 25,481.05. Among the Sensex companies, Kotak Mahindra Bank, Eternal, Bharat Electronics Ltd, Tata Motors, NTPC, and Adani Ports were the top gainers.
However, Titan, Mahindra & Mahindra, Sun Pharma, HCL Tech, and Trent were the losers. Meanwhile, the rupee rose 22 paise to 85.72 against the US dollar in early trade.