Nifty Opens Below 15100; Adani Ports Top Gainer

After two consecutive days of modest losses post the stellar rally driven by growth oriented budget 2021, better Q3 earnings and RBI's MPC outcome, indices opened lower for yet another day ahead of weekly derivatives expiry. At the open, Nifty was down by 0.15% at 15085 , while Sensex was down 0.15% or 79 points at 51230. Later at 9:26 am, indices gained with Nifty again above 15100.

Nifty Opens Below 15100; Adani Ports Top Gainer

Adani Ports, Cipla, Hindalco, HDFC Life and Britannia are among the early top gainers, while laggards include Eicher Motors, JSW Steel, NTPC, Tata Motors and Infosys

Aurobindo Pharma posted over four fold jump in net profit to Rs. 2946 crore primarily due to exceptional gains. In the same period last year, profit came in at Rs. 705 crore.

Foreign institutional investors (FIIs) net bought shares worth Rs 1,786.97 crore inthe Indian equity market on February 10, as per provisional data available on the NSE.

Meanwhile, indices in China, Japan and South Korea are shut for trading today for the Lunar New Year and others were flat in early trade, while US stock futures were trading steady after indices ended flat in the overnight session.

Oil prices rose for the ninth consecutive day on the back of producer supply cuts as well as hopes of an improved demand as the roll out of the Covid 19 vaccination is underway in most nations.

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