Indices erase
early gains; Nifty below 11,700, Sensex up 100 points
Market opens: It is a
positive start for the Indian indices on May 24 after Election 2019 results
gave clear mandate to the BJP led NDA government.
The Sensex is up 348.76 points at 39,160.15, while Nifty is up 114.40
points at 11771.40. About 464 shares have advanced, 124 shares declined, and 20
shares are unchanged.
HDFC Bank, IOC, HPCL ,BPCL, Yes Bank, Kotak Mahindra Bank, Yes Bank,
IndusInd Bank, L&T, Asian Paints, Axis Bank, RIL, Bajaj Finance are the
major gainers on the indices, while losers are ONGC, Bharti Infratel, Bajaj
Auto, Tech Mahindra and HCL Tech.
All the sectoral indices are trading in green led by bank, infra, auto,
energy, metal and pharma.
Rupee Opens: The Indian rupee opened
higher by 26 paise at 69.75 per dollar on Friday versus previous
close 70.01.
Stocks in the
news:
Cipla, Ashok Leyland, Reliance Capital, eClerx, Om Metals, Moil
Results on May 24: About 172 companies will
announce their March quarter earnings on Friday.
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