Market
Live: Sensex opens above 32000, Nifty moderately higher; HPCL down, ONGC up
Equity
benchmarks opened moderately higher, with the Sensex reclaiming 32,000 level,
backed by Reliance Industries and ITC. Nifty Bank also started off with 100
points gains.
The
30-share BSE Sensex was up 62.88 points at 32,018.23 and the 50-share NSE Nifty
gained 14.40 points at 9,914.00. About two shares advanced for every share
falling on the BSE.
HPCL
was down 4 percent while ONGC gained 1.6 percent after cabinet gave ONGC
in-principle approval to buy government’s stake in HPCL.
Coal
India, ITC, Kotak Mahindra Bank and Bharti Airtel were early gainers among
largescaps.
In
the broader space, Canara Bank, Mindtree, KPIT Technologies and Marico fell up
to 4 percent while Just Dial, Sintex Industries, Balrampur Chini, Triveni
Engineering, Bajaj Hindusthan, Mastek, Tata Elxsi, Jain Irrigation, Sterlite
Technologies and MRPL gained nearly 7 percent.
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