Nifty opens around 11,650, Sensex up over 150 pts; Marico gains 4
It is good to start for the Indian indices on May 7 after a weak closing registered on May 6.
At 09:16 hrs IST, the Sensex is up 166.55 points at 38,766.89, while Nifty is up 44 points or 0.38% at 11642.30. About 454 shares have advanced, 188 shares declined, and 25 shares are unchanged.
Marico, Bharti Airtel, Yes Bank, HDFC Bank, Tata Steel, Vedanta, Tata Motors, IndusInd Bank, Britannia, SBI, Power Grid, are among major gainers on the indices, while lowers are ICICI Bank, IOC, ONGC, Indiabulls Housing, HPCL and BPCL
Among the sectors, except energy, all other indices are trading higher. Benchmark indices are trading higher in the pre-opening session with Nifty above 11,650 level.
At 09:03 hrs IST, the Sensex is up 189.69 points or 0.49% at 38790.03, and the Nifty up 71.70 points or 0.62% at 11670. Trends on SGX Nifty indicate a positive start for the broader indices in India, a gain of 35 points or 40.50 percent. Nifty futures were trading around 11,697-level on the Singaporean Exchange.
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