10/11/2017

11 Oct Stock Market News, Nifty above 10,050, Sensex extends up


Indian Shares opened on Wednesday, on positive note. Sensex opened at 31,975, and later crossed to 32,000-mark tracking positive domestic cues such as the GST regime and positive earnings expectations. Nifty also opened above 10,000 levels in the later morning hours. Rise in the Sensex was particularly boosted by Axis Bank, Bharti Airtel, Reliance Industries and Mahindra and Mahindra which rose by more than 1 percent each. 

Maruti Suzuki, Coal India, Lupin and Kotak Mahindra bank were fallen by more than 0.5 percent each. The Nifty advanced stocks includes Bharti Airtel, GAIL India and Reliance leading the gains, above 2% each. 16 stocks registered declines with Indiabulls Housing Finance, Maruti Suzuki and Lupin losing more than 0.7% on the Nifty, in the morning hours. Dena Bank shares surged above 3% to Rs 31.50 after the bank announced that it had launched a qualified institutional placement of shares to raise up to Rs 1,800 crore from institutional investors. 

The rupee opened higher at 65.24 per USD. The dollar index was trading at 93.32, up 0.03% from its last close of 93.29.

2 comments:

  1. • M&M
    o Approves scheme of arrangement between Mahindra Two Wheelers & M&M.
    o Mumbai Bench of NCLT sanctions scheme of amalgamation of Defence Land Systems India with Mahindra Defence System.
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