Sensex Opens 250 Points Higher; Coal India & Power Grid Top Gainers

Asian stock markets are trading on a mixed note today. The Hang Seng is up 0.5% while the Nikkei is trading on a flat note.

The Shanghai Composite is trading down by 0.3%.

In US stock markets, Wall Street indices closed at record high as inflation figures exceeded expectations.

The Dow Jones Industrial Average gained 19 points or 0.1% while the Nasdaq Composite rose 109 points or 1%.

Back home, Indian share markets have opened on a positive note, following the trend on SGX Nifty.

Market participants will track shares of BEML, BHEL, and Cochin Shipyard as these companies are scheduled to announce their quarterly earnings today.

The BSE Sensex is trading up by 248 points. Meanwhile, the NSE Nifty is trading higher by 75 points.

Power Grid is among the top gainers today. Tech Mahindra, on the other hand, is among the top losers today.

The BSE Mid Cap index and the BSE Small Cap index have opened higher by 0.4% and 0.9%, respectively.

All sectoral indices are trading in green with stocks in the metal sector and energy sector witnessing most of the buying interest.

Shares of Bajaj Finance and SKF India hit their 52-week highs today.

The rupee is trading at 72.93 against the US$.

Gold prices are trading up by 0.2% at Rs 49,280 per 10 grams.

Meanwhile, silver prices are trading up by 0.5% at Rs 72,332 per kg.

In news from the infrastructure space, as much as Rs 3.5 tn worth of assets are likely to get monetized through InvITs (Infrastructure investment trust) and REITs (real estate investment trust) as a platform in the next one year, rating firm ICRA said on Thursday.

To date, assets worth Rs 2.1 tn have been floated through these platforms.

In the last two years, Rs 853 bn worth of InvITs have been monetized.

During the same period, all three REITs, valued at Rs 771 bn, were listed.

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 ...

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


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