Stock Market Opening Bell & Market Update for 21-07-2017

Market Live: Sensex, Nifty rebound in opening; RIL, Balaji Tele, JP Associates gain

Equity benchmarks rebounded with moderate gains in opening on Friday, backed by Reliance Industries (up 1.8 percent) and Wipro (up 5 percent) after solid earnings performance.

The 30-share BSE Sensex was up 51.64 points at 31,956.04 and the 50-share NSE Nifty gained 11.80 points at 9,885.10.

Balaji Telefilms was up 5 percent as Reliance Industries picked up 24.9 percent stake in the company.

Jaiprakash Associates gained 6 percent after Rakesh Jhunjhunwala bought over a percent stake in the company in June quarter. Jaypee Infratech also surged 6 percent.

Bharti Airtel, Lupin, Cipla, Hindalco, Sun Pharma and Asian Paints fell up to 2 percent.

Nifty Midcap was up 0.3 percent as about two shares advanced for every share falling on the BSE.

Aditya Birla Money, Mahindra CIE, Jubilant Life, Bata and Just Dial gained up to 5 percent.

Sintex Industries, Idea Cellular, GMR Infrastructure, RBL Bank, Ashok Leyland, Godfrey Phillips, InterGlobe Aviation and Jet Airways fell up to 4 percent.

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