Market Live:
Sensex, Nifty open higher; Amara Raja, Century Textiles plunge
Benchmark indices
started off trade marginally higher, following positive trend in Asian stocks.
Investors digested final outcome of Karnataka election.
The Sensex was up
78.21 points at 34,926.51 and the Nifty gained 13.50 points at
10,609.90.
SBI gained 1.5
percent after Bhushan Steel-Tata Steel deal. ICICI Bank was up 1 percent.
UltraTech Cement
was up 1.6 percent and Century Textiles fell 8 percent after cement business
deal.
HPCL, TCS, Hindalco
Industries, Coal India, Grasim Industries,Indiabulls Housing Finance, Bajaj Finance,
Maruti, Infosys, Axis Bank, Wipro, ITC, Hero Motocorp and Sun Pharma were under
pressure.
The Nifty Midcap index
was down 55 points.
Kitex Garments
plunged 16 percent post disappointing earnings. Amara Raja Batteries, Capcite
Infra, Balaji Telefilms, Future Lifestyle, Thermax, Ashok Leyland, Strides
Shasun, Crompton Consumer and Inox Wind fell up to 5 percent.
The Indian rupee declined on Monday. It
has opened lower by 11 paise at 68.12 per dollar versus 68.01 Friday.
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