D-Street continues to trade higher with Nifty hovering around 10,900; Rupee at day's high
Consumption, IT and energy stocks are in the green, while the Nifty Auto index is showing some negative bias.
Shares of Asian Oilfield Services locked at 5 percent upper circuit in the early trade on Friday after company won an award of contract from ONGC.
There were pending buy orders of 2,808 shares, with no sellers available.Shares of Tata Motors are down over 2 percent on Friday morning as global brokerage firm has a negative stance on the stock and cut its target price as well. It’s a good start to the December series for Nifty, opening just short of 10,900, while the Sensex is higher by over 130 points.
Consumption, IT and energy stocks are in the green, while the Nifty Auto index is showing some negative bias. In the broader market, the Nifty Midcap index is up one-third of a percent.
The Sensex is up 137.19 points or 0.38% at 36307.60, while the Nifty is higher by 34.20 points or 0.31% at 10892.90. The market breadth is positive as 326 shares advanced, against a decline of 122 shares, while 32 shares were unchanged.
Shares of Yes Bank, ITC, Indiabulls Housing and Zee Entertainment are the top gainers, while Tata Motors, NTPC, and Adani Ports lost the most. Equity benchmarks have made a good start in the pre-opening trade, with the Nifty hitting 10,900.
The Sensex is up 108.24 points or 0.30% at 36278.65, while the Nifty is higher by 45.30 points or 0.42% at 10904.00.
The rupee has gained 17 paise in opening at 69.67 per US dollar.
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