Nifty opens up by 26 points, Sensex opens up with 86 points and hits 30000
At 9:15 AM, the BSE Sensex opened down by 86 points at 29996, while the Nifty50 opened higher up by 26 points at 9264 marks.
Bharti Infratel is the top Nifty gainer while HDFC is the top Nifty loser in the morning hours. Bharti Infratel is trading at Rs 334.20 per share up by 1.4% whereas HDFC is trading at Rs 1506.25 per share, down by 1.8%.
There are 985 advances, 430 declines and 469 unchanged stocks on NSE reflecting some positive bias floating in the market.
The rupee opened at 65.07 per dollar and is trading lower at 65.2.
Positive opening likely on cues from Asian peers
Indian equity markets are set to open on a flat to positive note on Wednesday tracking positive sentiments prevailing among the Asian peers. The SGX Nifty, which was trading at 9,280, up by 6 points or 0.06%, also signalled a flat to positive opening.
Nifty50 continued its upmove and formed a green body for the fifth consecutive session. Now, going forward, as long as Nifty50 manages to hold levels of 9,180-9,190, it can extend the upward move up to levels of 9,280-9,300.
Shankara Building Products, which recently concluded its Rs 350 crore initial public offer, will make its debut on the stock exchanges today.
Back home, Indian markets closed at a record high on the first trading session of the new financial year. The rally was led by index pivotals such as Larsen & Toubro, Reliance Industries, Dr Reddy’s Lab and ICICI Bank. The sentiments further improved as the Nikkei Indian Manufacturing Purchasing Managers’ Index (PMI) rose to 52.5 in March from 50.7 in February. Hni Future Tips
The US stocks finished slightly higher on Tuesday as investors remained cautious ahead of meeting between President Donald Trump and Chinese counterpart Xi Jinping and Friday’s jobs report. The Dow Jones Industrial Average closed 39 points up at 20,689. The Nasdaq Composite finished 4 points up at 5,899. The S&P 500 index finished up one point at 2,360.
The crude oil prices rose above $51 a barrel after weekly industry data showed a decline in the US crude stockpiles.
Asian markets are trading in positive territory on Wednesday. Japan’s Nikkei 225 rose 45 points. Hong Kong’s Hang Seng rose 32 points and China’s Shanghai Composite surged 22 points.