Sensex open higher, nifty scales 11,148 HDFC, Maruti Suzuki, Reliance rally

Sensex open higher, nifty scales 11,148 HDFC, Maruti Suzuki, Reliance rally:

The first the Budget Session of Parliament is set to start today, January 29, and will run until February 9. Shares HDFC and Tech Mahindra will be closely watched ahead of their respective Q3 results which are expected to announce later today.

Shares of Tata Consultancy Services, Maruti Suzuki, Larsen & Toubro, HDFC, HDFC Bank, and Infosys were lifting Sensex and Nifty to hit record highs levels, while shares of Bharti Airtel, ONGC and Dr. Reddy are declined.

Shares of Avenue Supermarkets rose 5% after the company on Friday posted a 65.77% jump in its net profit.

L&T crossed Rs. 2 trillion market capitalization first time after its shares zoomed over 13% so far this year.

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Sensex above 33,700, Nifty at 10,450 mark, HDFC Bank

Sensex above 33,700, Nifty at 10,450 mark, HDFC Bank:

India's Best stock advisory.The key indices erased their opening gains and were being traded flat due to lack of directions from global markets. The BSE index Sensex was down 1.12 points at 33,776.26 and the 50-share NSE index Nifty was up 7.4 points at 10,45.60 in the later morning hours. 

Sun Pharma gained 1.76%, L&T up 1.37%, Hero MotoCorp rose 1.32%, Tata Steel up 0.74% and HDFC rose 0.7%, as the top Sensex gainers while M&M, ICICI Bank, HUL, Infosys and IndusInd Bank were the major losers. Shares of RCom gained 4 percent today after a report said that Reliance Jio Infocomm leads the race to acquire the company's assets.

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