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Sensex Opens Higher; Shrugs Of Greece Crisis


Benchmark indices opened the day higher largely in line with Asian markets which recovered from a battering seen on Monday following a worsening of the Greece debt crisis.

Sensex Opens Higher; Shrugs Of Greece Crisis
The Sensex was trading higher by 85 points, while the Nifty was up 26 points in early trade. Hindustan Unilever continued to lead gainers and was up another 1 per cent in trade after Monday's sharp rally.

IT stocks were very subdued in a rising market with HCL Tech continuing to fall, while Infosys and TCS were trading flat.

Banking stocks were also trading flat, though HDFC Bank saw some early selling pressure. Dr Reddys and Coal India were the early losers from the Nifty.

Mid cap stocks were also trading higher in line with the markets with Kansai Nerolac, Century Textiles, and Mind Tree seeing robust buying support.

SUN TV was up a huge 4 per cent on hopes that the company's broadcast license would be renewed by the regulators.

Deep Industries rallied a huge 18 per cent in trade after the company signed a contract with ONGC for hiring of gas dehydration system for Rs 278.2 crore.

Shares in Voltas fell after Nomura downgraded the stock to reduce and cut its price target.

Meanwhile, markets across Asia shrugged off the crisis in Greece with most of them trading higher. Singapore's Strait Times and the Hong Kong's Hang Sang were leading gainers there.

Read more about: sensex nifty
Story first published: Tuesday, June 30, 2015, 9:35 [IST]
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