Sensex, Nifty Open At Record High; HDFC & ICICI Bank Top Gainers

Asian share markets advanced to one-week highs, led largely by strong US corporate earnings, although the mood remained cautious as the rapidly spreading Delta variant of the coronavirus clouds the global economic outlook.

The Hang Seng is up 1.5% while the Shanghai Composite is trading higher by 0.6%. The Nikkei is trading down by 0.3%.

Overnight on Wall Street, all three benchmark indices settled higher.

The Dow Jones Industrial Average gained 0.8%, while the Nasdaq Composite rose 0.6%.

Back home, Indian share markets have opened on a strong note.

Benchmarks indices started today's session on a strong note amid buying interest in financials and IT stocks.

Market participants will track shares of SBI, Titan, Godrej Consumer, HPCL, and PNB Housing Finance, as these companies are slated to report their June quarterly results later today.

The BSE Sensex is trading up by 415 points. Meanwhile, the NSE Nifty is trading higher by 114 points.

The Sensex rose as much as 400 points to touch the 54,000 mark for the first time.

HDFC and ICICI Bank are among the top gainers today. Bharti Airtel, on the other hand, is among the top losers today.

The BSE Mid Cap index and the BSE Small Cap index had opened higher by 0.3% and 0.5%, respectively.

Sectoral indices are trading mixed with stocks in the metal sector and finance sector witnessing buying interest.

Telecom stocks, on the other hand, are trading in the red.

Shares of Infosys and ACC hit their 52-week highs today.

The rupee is trading at 74.17 against the US$.

Gold prices are trading down by 0.3% at Rs 47,900 per 10 grams.

Meanwhile, silver prices are trading down by 0.1% at Rs 67,845 per kg.

In news from the automobile sector, the Ministry of Road Transport and Highways on Tuesday said it has issued a notification to exempt battery-operated vehicles from the payment of fees for issue or renewal of registration certificate.

1 2 3
View single page >> |

Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.