Market
Live: Nifty opens above 9900, Sensex rebounds; Bank hits 24000 for 1st time
Equity
benchmarks opened higher on Monday after Friday's consolidation, with the
Nifty50 reclaiming 9900 level and the Nifty Bank hit 24000 level for the first
time.
The
30-share BSE Sensex was up 82.18 points at 32,102.93 and the 50-share NSE Nifty
gained 21.45 points at 9,907.80.
ITC
lost more than 2 percent on reports that the government may increase cess on
cigarettes.
Nifty
Midcap was up 0.3 percent as about three shares advanced for every share
falling on the BSE.
Alkem
Labs, Indraprastha Gas, Jubilant Foodworks and CESC gained over 1 percent while
Karnataka Bank and Gruh Finance fell over 1.5 percent.
Asia
markets were mixed following the release of better-than-expected China
second-quarter GDP.
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