For Quick Alerts
For Daily Alerts

    Markets open higher tracking strong Asian cues

     Markets open higher tracking strong Asian cues
    Markets opened the day higher following strong Asian equities and the government's ongoing thrust on reforms.

    The Sensex was trading higher by 118 points at 18,478 points at 9.20 am IST, while the Nifty was trading higher by 38 points at 5592 points.

    Banking stocks continued to be in the limelight with shares of ICICI Bank, Axis Bank and State Bank of India all rallying more than 1% in early trade.

    Metal stocks too were also in in demand with Tata Steel, Sterlite Industries and Hindalco all trading higher.

    Aviation and retail stocks bounced back after Thursday's sharp slide, following a government notification on FDI. Shares of Trent was trading higher by Rs 45 at Rs 1135, while shares of Pantaloon Retail jumped more Rs 13 at Rs 187.

    Reliance Communications was up almost 4% after the company revised its tariff rates. Among the losers from the Nifty stocks were Jindal Steel, Tata Power, Ambuja Cements and BPCL.

    Shares of heavyweight Reliance Industries gained more than 1%, while shares of IT companies like TCS and Infosys were also trading firm.

    Markets are expected to continue their upward momentum following the strong set of reforms initiated by the Manmohan Singh government. Strong global markets are also likely to support Indian equities.

    Read more about: sensex nifty
    Story first published: Friday, September 21, 2012, 9:31 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more