The key indices opened higher on Wednesday, registering decent gains in early trade tracking positive Asian stocks. At 10.15 am, the BSE Sensex was trading up by 255.81 points or 0.85% at 30,189.06. The NSE Nifty-50 index was trading up 69 points or 0.74% at 9,385.85. The Sensex reclaimed the psychological 30K-mark in early trade, with metal stocks and IT leading gains in the morning hours. The broader, BSE Mid-cap & Small-cap indices added 0.87% and 0.82%, respectively.
Bharti Airtel trimmed all its losses to turn flat after gliding over 2 percent to Rs 337 in the early trade as the company registered a sharp 72% decline in the net profit at Rs 373.4 crore for the Q4 ending on March 2017.
Auto stocks are buzzing on the exchanges in the morning hours, with Mahindra & Mahindra (M&M) Bajaj Auto and Maruti Suzuki leading the rally. M&M is contributing about 60% to the index gains and lifting it to higher levels, nearly 2%, on the BSE.
M&M, Hindustan Unilever and Aurbindo Pharma were the major gainers, while UltraTech, Wipro, TCS and Cement lost the most.
No comments:
Post a Comment