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Markets Open Higher; All Eyes On GST Passage


Markets opened the day higher as the monsoon session of parliament kicks-off today with all eyes on the passage of the GST Bill


Markets Open Higher; All Eyes On GST Passage
The Sensex was trading with gains of 127 points, while the Nifty opened the day higher by 32 points. In Asia the Japanese markets were closed, while markets like Hang Sang and the Singapore's Strait Times were trading flat.

Among early gainers was Reliance Industries, which jumped after reporting a good set of quarterly numbers on Friday after markets hours. The shares were up 1 per cent in trade.

Public sector banking stocks also saw good buying support after reports that the government would shortly release the money which was promised for the recapitalization of these banks.

Shares in Mind Tree was trading marginally lower ahead of its results to be declared later today. On the other hand Hindustan Unilever was trading flat ahead of its results.

Infosys saw some recovery in its share price after the sharp fall of 10 per cent seen on Friday following its results.

Among the top Nifty losers in trade were stocks like ONGC and NTPC. In fact, ONGC fell following a drop in crude prices.

Meanwhile, the rupee weakened marginally and was trading at 67.21 to the US dollar Analysts expect the currency to trade in a range in the next few days.

Read more about: ongc ntpc
Story first published: Monday, July 18, 2016, 9:26 [IST]
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