Sensex Opens In Green; Tata Motors & Coal India Top Gainers

Asian stock markets are trading on a mixed note today after the much-awaited May US payrolls report showed the recovery on track.

The Hang Seng is down 0.7% while the Nikkei is trading up by 0.3%. The Shanghai Composite is trading down by 0.2%.

In US stock markets, Wall Street indices rose on Friday, with technology shares leading the way as weaker-than-expected jobs growth eased concerns about the economy running too hot and causing an early tightening of monetary policy.

The Labor Department's report showed nonfarm payrolls increased by 559,000 jobs last month, helped by vaccinations and a reopening economy, following an unexpected slowdown in the labor market in April.

The Dow Jones Industrial Average gained 179 points or 0.5% while the Nasdaq Composite rose 200 points or 1.5%.

The Dow advanced about 0.7% for the week. While the Nasdaq gained just shy of 0.5% this week for its third winning week in a row.

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

Union Bank of India, Central Bank of India, Mrs Bectors Food, Jubilant Ingrevia, and MRF are among the 31 companies slated to post their quarterly numbers today.

The BSE Sensex is trading up by 25 points. Meanwhile, the NSE Nifty is trading higher by 17 points.

Power Grid is among the top gainers today. Bajaj Finance, 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 0.5% and 0.7%, respectively.

Barring finance stocks, all sectoral indices are trading in green with stocks in the metal sector and power sector witnessing most of the buying interest.

Shares of Bharat Forge and PNB Housing Finance hit their 52-week highs today.

The rupee is trading at 72.90 against the US$.

Gold prices are trading down by 0.1% at Rs 48,973 per 10 grams.

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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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