New Delhi, July 17: Key equity indices on Monday opened in green after trading low last week. The Benchmark Sensex on Monday was 33 points up at 32,053.98 while NSE Nifty opened 21.80 point up at 9,908.15. The rise is probably after quarterly corporate earnings optimism gave domestic institutional and retail investors much hope to go in for fresh bets. Buying was witnessed in key frontline shares of IT, technology, telecom and banking.
With markets already at dizzying heights, the major gainers in BSEscrip Sensex were Wipro with 265. 15 points up, ONGC with 160.30 point up, Reliance was up by 1547.60 points, ICICI Bank was up by 300 points. The company’s that suffered major loss during the early morning trade were Dr Reddy which was low by 2695.50 points, AXIS Bank which was down by 511.05 points and ITC was low by 329.50 points. The major gainers in 50-scrip Nifty were AuroPharma, GAIL and ACC while the major losers were ITC, Indian Oil Corporation Limited, Tata Consultancy Services Limited and Tata Motors Limited.
Potential triggers like news on monsoon’s progress and global trends like monetary policy review by major international central banks could unleash “volatility”. On Friday, the Indian equity markets closed on a nominally lower note after four consecutive sessions of gains, as investors booked profit. Both, the Sensex and Nifty touched fresh intra-day highs. The wider Nifty of the National Stock Exchange (NSE) breached the 9,900-mark for the first time to record a high-level mark of 9,913.30 points while the 30-scrip Sensitive Index (Sensex) of the BSE touched a record high of 32,109.75 points during intra-day trade.