5/24/2017

24 May Wednesday Sensex, Nifty open higher,Tata Motors shares jump

The benchmark indices on Wednesday were hovering in positive territory in morning trade. At 10.35 am, the BSE Sensex was trading up 104.02 points or 0.34% at 30,469.27, while the Nifty50 index was up trading 24.40 point, or 0.26% at 9,410.55. 

The BSE MidCap index was down 0.16 percent, while the SmallCap index was up 0.16 percent. Both the indices underperformed the Sensex. 

Tata Motors Ltd is mainly contributing to the BSE Auto index gains further moving to higher levels. The stock is the top Nifty gainer and is in focus today. It is up by 3.5 percent on the BSE. The other stock in the sectoral index like Bharat Forge Ltd is up by 1.5 percent, Exide India went up by 0.8 percent, Motherson Sumi is up by 0.5 percent and Bajaj Auto is up by 0.4 percent. 

Eicher Motors is down by 0.6%, MRF is down by 1%, Mahindra and Mahindra is down by 0.2%, HeroMoto Corp is down by 0.1% and Ashok Leyland is down by 0.4%. The rupee opened at 64.91 a dollar and was trading at 64.87, up 0.01 percent from its last close of 64.89. 

COMEX Gold is presently trading around USD 1250 per ounce levels, down 0.30 percent on the day. MCX Gold futures settled flat at Rs 28,800 per 10 grams and may slip in early moves today.

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