The market opened higher with the NSE Nifty at 10,812 points and the BSE Sensex at 35,514 points amid the Trump-Kim meet, which till now is going on a positive note. Dr Reddy's Labs, HPCL, BPCL, Wipro and Cipla are the opening gainers while Tata Steel, Infosys, Idea Cellular, UPL and HUL are the opening losers. Tata Steel is losing in trade after the news that its bid offer for Bhushan Steel is lower than Liberty House.

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(The above-mentioned detail is the opening bell for the market today)

What was expected?

The market is likely to be in check as US President Donald Trump and North Korean leader Kim Jong Un launched a historic summit in Singapore on Tuesday.

The Asian markets were steadily rising in early trade, ahead of the meet.

Japan's Nikkei climbed 0.8 percent to the highest in three weeks and South Korean shares added 0.1 percent. Australia's benchmark index was a tad firmer while New Zealand eased 0.3 percent.

That left MSCI’s broadest index of Asia-Pacific shares outside Japan a touch softer at 573.31.

Ahead of the summit, Trump said the meeting could “work out very nicely” as the countries try to narrow differences on how to end a nuclear standoff on the Korean peninsula.

All three major US stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend's factious meeting of G7.

Donald Trump announced the United States' withdrawal from the G7's joint communique following a series of bellicose tweets aimed at Prime Minister Justin Trudeau after the Canadian leader announced retaliatory tariffs on goods imported from its ally to the south.

The markets seemed to take the trade row in stride and looked instead to the impending summit between Trump and North Korean leader Kim Jong Un.

First Published:Jun 12, 2018 7:20 AM IST