Market Live: Nifty above 10,900, Sensex gains 340 pts on stimulus; metal stocks slip
Market Opens: It is a strong start for the indices on August 26 on the back of stimulus measure announcement by the Finance Minister Nirmala Sitharaman on August 23.
At 09:16 hrs IST, the Sensex is up 355.21 points at 37,056.37, while Nifty is up 108.60 points at 10,938. About 683 shares have advanced, 113 shares declined, and 32 shares are unchanged.
HDFC, HDFC Bank, UCO Bank, Canara Bank, IndusInd Bank, Indiabulls Housing, Yes Bank, Adani Port, Eicher Motors , are among major gainers on the indices, while losers are Infosys, Tata Steel Vedanta, Hindalco and TCS.
Among sectors, except IT and metal all indices are trading in the green led by the PSU bank, auto, energy, infra and FMCG.
Rupee Opens: The Indian rupee slipped in the early trade on August 26. It opened lower by 32 paise at 71.98 per dollar against previous close 71.66.
Stocks in the news: Adani Ports, Alkem Lab, Cupid, NCL Industries, Lakshmi Vilas Bank