Opening Bell – Markets start in green
At 9:15 AM, the BSE Sensex opened higher by 158 points at 31,299 while the Nifty50 opened higher by 56 points at 9,755 mark.
Adani Ports and SEZ was top Nifty gainer trading at Rs 397.60 per share up by 3.88% while Sun Pharma Industries was top Nifty loser trading at Rs 439.25 per share, down by 2.39%. There were 1163 advances, 296 declines and 402 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.
Nifty PSU Bank is the only loser among sectoral indices on NSE. Bank of Baroda is the top loser in the index trading at Rs 140.30 per share, down by 1.3%.
On the broader market, BSE Mid-cap index opened at 14,782 level, up 224 points while BSE Small-cap index opened at 15,119 level, up 226 points.
Adani Ports & SEZ, Cipla, and Tata Steel were the gainers on the opening hours of Monday’s trade whereas the major losers were Sun Pharmaceutical and Dr. Reddy’s Laboratories.
The rupee opened at 63.02 per US Dollar on Monday.
Key results for the day: Apollo Hospitals, Jain Irrigation, Coal India, Grasim, IDBI Bank, JK Tyres, NBCC and Tata Power.
After witnessing sell-off in the, the US stocks regained lost ground and ended the Friday’s session with marginal gains. The tech-laden Nasdaq Composite Index outperformed its counterparts as it surged 40 points to finish at 6,257. The Dow Jones Industrial Average climbed 14 points to close at 21,858. The S&P 500 edged up 3 points to close 2,441.
Majority of stock indices in Asia were trading higher in early trade on Monday. Hong Kong’s Hang Seng has surged 303 points and China’s Shanghai Composite has advanced 6 points. However, Japan’s Nikkei 225 has slipped 184 points.