For Quick Alerts
For Daily Alerts

Markets open higher; eye Chidambaram's “vote on account”

 Markets open higher; eye Chidambaram's “vote on account”
Markets opened the day higher ahead of the "vote on account" to be presented by Finance Minister P Chidambaram later today.

The Nifty was trading with gains of 23 points, while the Sensex rallied 88 points in early trade. Among the gainers were Larsen and Toubro, Tata Motors, Tata Power and Dr Reddy's Labs.

Among the early Nifty losers in trade were Sesa Sterlite and Coal India.

Banking stocks saw some buying support in early trade on hopes that the "vote on account" would provide some respite for the economy. Among the banking stocks that rallied in trade were Punjab National Bank, Axis Bank, Yes Bank, ICICI Bank and Canara Bank.

Heavyweight, Reliance Industries was trading soft as reports suggest that the company is planning to take legal action against the Aam Aadmi Party.

DLF continued to trade higher despite reporting a drop in net profits. Bajaj Auto whose shares fell on Friday, following a ban on two-wheeler imports by Egypt gained ground in trade.

Mahindra and Mahindra dropped marginally after its results fell short of expectations. Mid cap stocks were trading higher in line with the broad markets. Stocks that gained from the space were Adani Power, Hindustan Zinc, Reliance Infra and Reliance Power.

Meanwhile, markets across Asia were trading higher led by gains in the Singapore's Strait Times and the Jakarta Composite.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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