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Sensex Opens Higher; Markets Eye Nov F&O Expiry
Benchmark indices opened the day higher, as global cues were quiet and ahead of the Winter session of parliament that begins today.
The Sensex was trading with gains of 87 points at 25,863 points, while the Nifty was trading with gains of 24 points, ahead of the F&O expiry for the Nov series.
Shares in Dr Reddy's crashed a huge 7 per cent after the US FDA said that it might withhold approval of the company's fresh drugs and stop import if no corrective action is taken on its plant.
Banking shares saw good buying in early trade, with ICICI Bank and Axis Bank among the early gainers. Tata Motors was higher after the company said that it will invest 450 million pound (over Rs 4,500 crore) to double the size of its Midland-based Engine Manufacturing Centre (EMC).
Select midcap stocks like Just Dial, along with Dewan Housing and Reliance Capital gained. DLF was trading higher after promoters hiked stake in the company.
IT stocks also saw good buying interest with TCS, Infosys and Tech Mahindra among the early gainers.
Meanwhile, markets across Asia were trading with good gains, with the Hong Kong's Hang Sang and the Shanghai Composite leading the winners.
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