SEBI Registration No - INA000003197 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS.



Sensex, Nifty50 start on a positive note; ITC, Cipla top gainers

NEW DELHI: Benchmark indices opened on a firm note on Tuesday after a long weekend, tracking positive global investors, ahead of expiry of futures and options series contracts.

Buying in index stocks such as CiplaBSE 0.26 %, ITCBSE 1.25 % and Asian PaintsBSE -0.36 % though were partly offset by losses seen on SBI and select power utilities, auto and IT stocks. The combined market capitalisation of BSE-listed companies stood at Rs 126 lakh crore mark.

At 9.30 am, the BSE Sensex was trading 78 points, or 0.25 per cent, higher at 31,216.67. The Nifty 50 was trading 14.65 points, or 0.15 per cent, lower at 9,589.60. Midcap and smallcap indices fell up to 0.30 per cent.

Market-wide rollover of futures and options contracts stood at 18 per cent till Friday, which were lower than the average of 24 per cent seen during the comparable period of last three series. Rollover of Nifty futures stood at 19 per cent on D-3, which was lower compared with the average rollover of 31 per cent seen in last three series.

“IT and metals (20 per cent each) and banking (19 per cent) have witnessed reasonable rollovers compared to the other sectors,” said Edelweiss Securities in a note.

Cipla climbed 1.58 per cent to Rs 549.40. It was followed by Adani Ports, Tata Steel and Hindustan UnileverBSE -0.03 %, which rose 1.56 per cent, 1.12 per cent and 1.04 per cent, respectively.

SBI declined 1.35 per cent to Rs 284.95. NTPCBSE -1.71 % fell 0.98 per cent to Rs 156.30. InfosysBSE -1.36 %, Power GridBSE -1.24 % and ICICI BankBSE -1.65 % declined 0.74 per cent, 0.63 per cent and 0.51 per cent, respectively.

Shares of Videcon jumped 5 per cent after the race for Dhoot family promoted Group’s home appliances brand Kenstar picked up pace with multiple suitors expressing interest and Crompton GreavesBSE -1.47 % Consumer Electricals backed by private equity heavyweights Advent and Temasek is seen as the front-runner in the early stages of ongoing negotiations, two sources familiar with ongoing negotiations told ET NOW on the condition of anonymity.