Sensex, Nifty Open Higher After Thursday's Carnage

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, March 27, 2015, 9:31 [IST]

The Sensex and the Nifty opened the day higher after the huge selling pressure seen on Thursday. The Sensex was trading with gains of 142 points, while the Nifty rallied 38 points in early trade. Leading the set of gainers from the Sensex were select banking stocks which saw some buying interest like HDFC Bank and ICICI Bank.

However, heavyweight HDFC continued to drift lower, along with Hindustan Unilever. Both the stock had lost ground on Thursday. Telecom stocks once again saw buying interest with Idea and Bharti among the gainers for the second day in a row.

Gayatri Projects continued to gain ground and was up another 3 per cent after good gains on Thursday, following the company winning a project.

TVS Motors was up after Goldman Sachs raised its conviction buy on the stock.

Mid cap stocks also saw some buying interest with Jubilant Foodworks and Voltas among the early gainers in trade.

IT stocks were the clear winners in trade with Infosys, TCS and Wipro among the early gainers. Meanwhile, markets across Asia were trading flat with a negative bias following growing worries over tensions in Yemen.

The Japanese Nikkei and the Hong Kong's Hang Sang were both lower, while the Shanghai Composite managed to trade with gains. Analysts expect the markets in India to remain volatile on the first day of the F&O series for April.

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