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Markets Open Higher; Asian Cues Remain Strong


Indian markets opened the day higher, as Asian markets were trading higher, though it was a relatively quiet session for most markets in Asia. The Korean Kopsi, the Hong Kong's Hang Sang and the Singapore's Strait Times were all higher.


Markets Open Higher; Asian Cues Remain Strong
Even mainland China shares were trading higher. The Sensex was trading with gains of 67 points, while the Nifty opened higher by 14 points in trade.

Reliance Industries, which fell as much as 2 per cent on Friday, after its Q2 numbers, managed to gain ground and was trading higher. Banking shares like ICICI Bank, which have driven markets higher in the last few weeks, were also trading higher. The stock was up another 2 per cent in trade today.

Shares that lost ground in early trade from the Nifty were telecom majors like Bharti Airtel and Idea Cellular. The other stock that dropped was HCL Tech. The stock had seen some buying support following its results last week.

The Midcap index was also trading higher, as investors continued to buy into midcap stocks. Midcap stocks that gained ground in trade were

Markets this week may remain a little volatile given that there is the F&O expiry on Thursday. Meanwhile, the rupee opened the day at 66.90 to the US dollar.

Read more about: sensex nifty
Story first published: Monday, October 24, 2016, 9:31 [IST]
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