Nifty hits record high, Sensex up 150 points; Indiabulls Hsg rises 3%
Broking house maintained buy on Marico with a target at Rs 465 per share.
The pre-Q4FY19 commentary seems decent, while India business volume growth should be around 8 percent YoY, it added. It is a firm start for the benchmark indices on Wednesday with Sensex opened at a record high.
At 09:16 hrs IST, the Sensex is up 119.33 points at 39175.98, while Nifty up 31.90 points at 11745.10. About 451 shares have advanced, 174 shares declined, and 41 shares are unchanged.
Yes, Bank, Tata Steel, Indiabulls Housing, Vedanta, JSW Steel, IndusInd Bank, Hindalco, Bajaj Finance are some of the major gainers on the indices, while lower are Eicher Motors, Infosys, Wipro, HCL tech, Britannia and Coal India.
Among the sectors, except IT all other indices are trading in green led by bank, metal, infra, pharma, and energy. Indian indices are trading higher in the pre-opening sessions.
At 09:03 hrs IST, the Sensex is up 98.78 points or 0.25% at 39155.43, and the Nifty up 19.00 points or 0.16% at 11732.20.source- www.moneycontrol.com
Marico, M&M, IndusInd Bank, Tata Motors, Tata Steel are trading higher, while Jet Airways fell 5 percent in the pre-opening, Gold prices slipped on Wednesday, after touching their lowest level in four weeks in the previous session, as equities traded near a seven-month high, denting bullion's appeal. Trends on SGX Nifty indicate a flat to a positive start for the broader indices in India, a gain of 13 points or 0.11 percent. Nifty futures were trading around 11,800-level on the Singaporean Exchange.
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