Nifty Opens Higher, Sensex Scales Past 53,000 Points Again

The Sensex and the Nifty opened Monday morning trade higher, even as Asian markets continued to trade mixed, after data showed that Chinese Industrial profits for May slowed.

Chinese markets were trading slightly higher even as the Japanese Nikkei and the Korean Kospi slipped.

The Sensex was trading with gains and was above that 53,000 points mark, while the Nifty was up 35 points in trade.

Shares in Thyrocare lost ground after the company announced that Docon Technologies along with API Holdings, will acquire 66.1% equity stake in Thyrocare Technologies, for Rs 4,546 crore. An open offer for acquisition of additional shares from 26% stake from the public in Thyrocare at a price of Rs 1,300 per share have also been made. The stock was down 4.5 per cent in trade.

Lupin Limited shares were marginally higher after the company announced the launch of Emtricitabine and Tenofovir Disoproxil Fumarate Tablets 200 mg/300 mg, having received an approval from the United States Food and Drug Administration (FDA).

Shree Renuka Sugars shares hit the upper end of the circuit filter after consolidated loss at the company fell to Rs 44.9 crore in Q4FY21 against loss of Rs 145.2 crore in Q4FY20. GIC Housing shares were marginally higher ahead of quarterly numbers to be declared by the company later today.

Meanwhile, the rupee opened marginally lower in trade at 74.24, while gold was trading absolutely flat. Markets are expected to be volatile in the days to come and investors are advised to exercise some caution.