Sensex, Nifty open in green; Reliance Industries touch new high

Indian markets kicked off Thursday trading session in green with Sensex opening higher by 150 points amid positive performance of global cues. 

At 0924 hours, Sensex was trading at 31,811.80 up 149.83 points or 0.47%, while Nifty jumped by 40.90 points or 0.41% trading at 9,957.10.

In pre-market opening, the 31-scrip index touched over 31,800-mark and that of Nifty was trading at 9,945-level. 

Gainers on BSE involved Coal India trading at Rs 258 per piece up 1%, followed by Adani Ports 389.70 per piece (0.98%), ICICI Bank at Rs 297.75 per piece (0.85%), Maruti Suzuki at Rs 7908.95 per piece (0.74%) and Reliance Industries at Rs 828 per piece (0.69%). 

Reliance Industries shares also touched 52-week high of Rs 832.70 per piece as the company has started trading ex-bonus. Also, RIL has acquired Gujarat-based Kemrock Industries & Exports after it participated in an on-line e-bidding process held by a consortium of 11 banks. 

Losers saw NTPC on top spot trading at Rs 168.55 per piece down by 0.82%, followed by HDFC (Rs 1771.30 per piece), TCS (Rs 2454 per piece) and Tata Motors (Rs 383.05 per piece) trading negative in the range of 0.09% – 0.20%. 

Analysts at Motilal Oswal said, “Pharma space could see bottomfishing and thus some recovery. Segments likeNBFCs, metals, rural plays could see gains.”

Meantime, Indian rupee was trading at 64.026 down 0.009 paisa or 0.01% against US benchmark dollar index. 

Asian shares also gained after U.S. President Donald Trump and congressional leaders agreed to raise the government debt limit until December, eliminating the risk of a government shutdown for now.

Japan’s Nikkei 225 was trading at 19,419.10 above 61.13 points or 0.32%, while Hong Kong’s Hang Seng surged over 71 points or 0.26% trading at 27,685.23. China’s Shanghai Composite Index was trading at 3,381.79 down 0.11%.
 

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