Sensex, Nifty open higher opening trade on positive macro data

The benchmark indices opened on Monday, 15 May 2017, on a higher note on positive macro data unveiled by the government on Friday. A missile experimentation by North Korea on Sunday also kept traders on verge.

At 10.15 am, the BSE Sensex was trading 122.42 points higher at 30,310.57 while the NSE Nifty-50 index was ruling at 9,438.60, up 37.70 points. Among broader markets, BSE Mid-cap index gained 0.77%, whereas Small-cap was up 0.7% in the early hours of today. The market breadth was a little bit narrow since 1,293 shares were advanced while 692 shares declined, and 97 shares were unaffected.

RIL, Aurobindo Pharma and Infosys Ltd, Cipla Ltd, and Wipro were losing splendor, while Tata Steel, Dr Reddy’s Lab, Grasim, HDFC, ICICI Bank, ONGC and Kotak Mahindra Bank were the major gainers on both the indices in the morning hours.

Many companies are supposed to announce their earnings this week, out of which Vedanta Ltd, JK Tyre, Colgate Palmolive, Bata India and Kajaria Ceramics are a few ones among us, that are scheduled to post their March-quarter earnings today.

The rupee, the domestic currency has opened higher by 18 paise at 64.12 per USD against its last closing of 64.30.