For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

Markets open higher; HUL rallies 4% post offer

Markets open higher; HUL rallies 4% post offer
Markets opened the day sharply higher led by strong closings across Europe on Thursday and sharp gains in the Asian markets on Friday. The Sensex was trading higher by 195 points led by a 4% rally in Hindustan Unilever following the parent company's open offer.

Other Nifty stocks that gained in trade were HDFC Bank, Hero Motor Corp, Bharti Airtel and Larsen and Toubro.

The only Nifty loser in early trade was Maruti Suzukli. Shares in BGR Energy Ltd fell after one of its promoters will sell over shares, representing 3 per cent stake today.

ONGC saw buying interest after the state-owned company said it has drilled the deepest well in search for oil and gas in the Krishna Godavari basin. The stock was up by - per cent in trade.

PSU banking stocks which have been underperforming the broad markets rallied in trade with notable gainers from the space including Andhra Bank, Union Bank of India and Oriental Bank of Commerce.

Realty stocks were also in the limelight with Unitech, Indiabulls and Sobha Developers seeing maximum gains.

Meanwhile, markets in Asia were trading significantly higher led by sharp gains in Hong Kong's Hang Sang and the Japanese Nikkei.

Read more about: sensex nifty
Story first published: Friday, July 5, 2013, 9:27 [IST]
Company Search
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