Market Live:
Sensex opens 100 pts higher, Nifty around 11,050; HCL Tech down 2%
The market has
begun the day on a positive note, with the Sensex gaining around 100 points in
the opening tick, while the Nifty has managed to stay around 11,000-mark.
The Sensex is up
97.49 points or 0.27% at 36645.90, while the Nifty is higher by 26.80 points or
0.24% at 11050.00. The market breadth is positive as 259 shares advanced,
against a decline of 87 shares, while 36 shares are unchanged.
Majority of
sectoral indices are trading in the green, with energy and metal stocks gaining
the most, while financials are witnessing some pressure. Midcaps are trading
marginally higher.
Shares of oil
marketing companies are trading strong. The likes if IOC, BPCL and HPCL are all
up as oil prices headed lower, while Infosys was also in the green ahead of its
June quarter results.
Among global
markets, Asian shares were higher following gains on Wall Street overnight, as
concerns over an escalating US trade war with China took a breather.
MSCI's broadest
index of Asia-Pacific shares outside Japan was up 0.2 percent, building on a 0.6
percent rise on Thursday, after US stocks ended the day higher.
Australian shares
also gained 0.2 percent, while Japan's Nikkei stock index was 1.2 percent
higher.
Meanwhile, US
stocks climbed as top technology names hit record highs and industrials rebounded
from losses driven by trade worries the day before.
The Indian rupee gained in the early
trade on Friday. It has opened higher by 20 paise at 68.37 per dollar versus
68.57 yesterday.
0731-4986981
No comments:
Post a Comment