Nifty near 11,900, Sensex inching towards record high; PSU banks in focus
Market Opens: It is strong start for the Indian indices on October 31 with Nifty hovering around 11,900 and Sensex is inching towards its record high level.
The Sensex is up 168.95 points or 0.42% at 40220.82, and the Nifty up 47.40 points or 0.40% at 11891.50. About 555 shares have advanced, 145 shares declined, and 24 shares are unchanged.
Quess Corp, JK Tyre, HDFC Bank, United Bank of India, SBI, Kotak Mahindra Bank, Infosys, ICICI Bank, Sun Pharma, M&M, JSW Steel and Hindalco, are among major gainers on the indices, while losers are Tata Motors, Yes Bank and Eicher Motors.
All the sectoral indices are trading in the green led by PSU bank, IT, metal, energy and FMCG.
Rupee Opens: The Indian rupee gained in the early trade on Thursday. It opened higher by 12 paise at 70.77 per dollar versus Wednesday's close 70.89.
Stocks in the news: IOC, Bharti Airtel, TVS Motor, Ramco Systems, JK Tyre, CONCOR, Quess Corp
Results on October 31: IOC, Dhanlaxmi Bank, Blue Dart Express, Jindal Saw, Laurus Labs, Syndicate Bank, Vaibhav Global