Stock Market Opening Bell & Market Update by ABR Venture

Market Live: Nifty opens above 9650, Sensex moderately higher despite weak Asia

Equity benchmarks opened moderately higher on Thursday, with the Nifty reclaiming 9650 level despite weakness in Asian peers.

The 30-share BSE Sensex was up 46.88 points at 31,292.44 and the 50-share NSE Nifty rose 8.95 points to 9,646.55.

The broader markets outperformed benchmarks, with the BSE Midcap and Smallcap indices rising 0.5 percent each. About 863 shares advanced against 260 declining shares on the BSE.

Lupin, Tata Motors, Tata Power, Ambuja Cements, Aurobindo Pharma, ITC, L&T, Bharti Infratel and ICICI Bank were early gainers while Bajaj Auto, NTPC, Axis Bank and Yes Bank were under pressure.

ABC Bearings surged 10 percent. Sobha surged 5 percent on strong pre-sales data for Q1FY18.

PNB was up 2.5 percent on Nomura upgrade while Bharat Forge gained 2 percent on North America truck sales order. Shriram EPC surged 10 percent and Venky's was up 8 percent.

InterGlobe Aviation, Texmaco Infra, Kolte Patil, DB Realty, Jaypee Infratech, Caplin Point, Minda Corporation and Redington gained 1-10 percent but Shiva Cement continued to fall 10 percent.

Asian markets traded weak despite the mostly stronger close on Wall Street, as oil prices recouped some losses after falling around 4 percent overnight.

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