Markets have opened higher in trades on Tuesday tracking firm Asian cues. The S&P CNX Nifty has opened higher by 20 points at 5,006 and the 30-share Sensex is up 66 points at 16,483 levels

Meanwhile, the Indian rupee has opened marginally weaker at 55.42 against the US dollar.

Meanwhile, most of the Asian markets are trading on a firm note. The Hang Seng is up 51 points at 18,852, Shanghai has advanced 20 points to 2,381. However, the Nikkei was down 30 points at 8,562 levels.

The US markets were closed last night on account of memorial day holiday.

Back home, the Nifty may face resistance around 5,010–5,025, while it can seek support around 4,960–4,945 levels, analysts say.

Tata Motors is the top gainers among the Sensex stocks. It is trading higher by 2% at Rs 282 ahead of its Q4FY12 results which are to be announced later in the day today.

Source : business-standard.com