Sensex Opens Above 52,000 Mark, Nifty At Record High; Bajaj Auto & HDFC Top Gainers

Asian share markets are mixed today as traders await gauges of manufacturing activity and key American jobs data later in the week to help assess the economic outlook.

The Nikkei is trading lower by 0.4% while the Hang Seng is trading up by 0.6%. The Shanghai Composite is down 0.1%.

The US financial markets were closed on Monday for Memorial Day.

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

Market participants will track ITC share price and Gujarat Gas share price as these companies are scheduled to announce their March quarter results today.

Besides, the market participants would also keep a close watch on auto sales figures and manufacturing PMI data to be released later today.

The BSE Sensex is trading up by 198 points. Meanwhile, the NSE Nifty is trading higher by 59 points.

Bajaj Auto is among the top gainers today. Tata Steel, on the other hand, is among the top losers today.

The BSE Mid Cap index and the BSE Small Cap index have opened up by 0.5% and 0.6%, respectively.

Sectoral indices are trading on a mixed note with stocks in the automobile sector and FMCG sector witnessing buying interest.

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

Shares of PNB Housing Finance and Reliance Capital hit their 52-week highs today.

The rupee is trading at 72.50 against the US$.

Gold prices are trading up by 0.5% at Rs 49,082 per 10 grams. Meanwhile, silver prices are trading up by 0.9% at Rs 72,570 per kg.

Gold and silver prices edged higher today in Indian markets, supported by positive global cues.

In international markets, gold edged higher to a near five-month high of US$1,914.26 earlier in today's session, supported by a weaker US dollar and inflation concerns.

In news from the IPO space, Paytm will look to raise up to US$1.5 bn as part of the primary share sale, leading up to its initial public offering (IPO), which is planned for November.

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

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