Mumbai, October 6: Key Indian equity indices-BSE Sensex and NSE Nifty opened in green on Friday amid continuous buying by domestic institutional investors. BSE Sensex was up by over 125 points or 0.40% at 31,717.14 while the wider NSE Nifty was up by over 27 points or 0.28% at 9,916.45. The major gainers of BSE Sensex during early morning trade on Friday were Adani Ports, ONGC, Tata Steel, NTPC. Similarly, the companies that saw a dip were Cipla, HDFC Bank, PowerGrid and Tata Motors.
The Indian rupee opened lower by 8 paise at 65.22 per dollar on Friday against previous close 65.14. The GST Council meeting today is also seen to decide the direction of the market in the short run. In the pre-open session, Sensex jumped over 50 points while Nifty reclaimed its 9,900 mark.
At 3.35 PM: Sensex zoomed over 222 points or 0.70% to close at 31,814.22 while the wider Nifty was up by over 98 points or 0.99% at 9,987.00. Among the major gainers were Tata Steel, NTPC, Sun Pharma, SBI, ONGC, GAIL and Hindalco are the top gainers on the indices. European shares traded flat to negative on Thursday. A report by Mint stated that the pan-European STOXX 600 fell 0.2%, Germany’s DAX was up 0.06% and UK’s FTSE rose 0.12%. Chinese and South Korean markets were closed while the US markets posted solid gains and closed at all-time highs yesterday, spurred by gains in technology stocks. Expectations today ran high as the GST Council meeting is set to take a call on providing relief to exporters and SMEs.
At 2.30 PM: Sensex was over 161 points up or 0.51% at 31,753.26 while the wider Nifty was up by over 68 points or 0.70% at 9,957.50.
At 1.30 PM: Sensex was up by over 181 points or 0.57% at 31,773.58 while the wider Nifty was up by over 73 points or 0.74% at 9,962. As per reports, the Rs 1,157-crore initial public offer (IPO) of Godrej Agrovet (GAVL) was subscribed 4.39 times on the final day of bidding process today.
At 12.30 PM: Sensex zoomed over 185 points or 0.59% at 31,777.61 while the wider Nifty was up by over 71 points or 0.72% at 9,960.35. As per reports by PTI, traders said gains in most Asian markets tracking rallies on Wall Street following more buoyant US data and hopes of tax reforms bolstered trading sentiment.
At 11.30 AM: Sensex zoomed 219 points or 0.69% at 31,811.48 while the wider Nifty was up by over 76 points or 0.78% at 9,965.45. Stocks of Prataap Snacks lost 2.34% to Rs 1,150.70 during early morning trade on BSE, with the stock sliding on profit booking after registering impressive listing gains on the bourses yesterday, 5 October 2017.
At 10.30 AM: Sensex zoomed over 187 points or 0.59% at 31,779.76 while the wider Nifty was up by over 68 points or 0.69% at 9,956.85. Durig the early morning trade, ONGC, Tata Steel and GAIL were the top gainers, while Tata Motors, Tata Motors DVR and Zee Entertainment lost the most. Reflecting the widespread recovery, all the sectoral indices led by consumer durables, metal and oil and gas were trading in the green, adding up to 1.01 per cent.
On Thursday, Sensex and Nifty slipped after a four-day winning spell. Sensex was down by over 79 points or 0.25% at 31,592.03 while the Nifty settled below the crucial 9,900 as investors jostled to take money off the table. Services sector activity expanded for the first time in three months in September but only slightly. On Thursday, financial markets in China, Hong Kong and South Korea were shut on Thursday for public holidays. Japan’s Nikkei ended flat.