Sensex Opens On Positive Note, Nifty Above 9,800

Asian Markets showed downward trends during their Wednesday trading session.

Mumbai, July 12: Benchmark indices started off positively on Wednesday. Bombay Stock Exchange’s Sensitive Index gained 69.04 points or 0.22 per cent to open at 31,816.13. Nifty, on the hand, opened above the psychological mark of 9,800.

The National Stock Exchange’s 51-scrip index gained 28.85 points or 0.29 per cent to open at 9,814.90. However, Global cues infused a hint of caution among investors. Asian Markets showed downward trends during their Wednesday trading session.

While Japan’s Nikkei 225 slipped by 0.28 per cent, the South Korean benchmark index was also down by 0.04 per cent. Geopolitically, the emergence of emails linking US President Donald Trump’s son to the country’s investigations on Russia added to the wary sentiments among investors globally.

This resulted in the falling of the US Dollar to a one-week low. The Ruppe managed to maximise its gains from the dollar and trade at  64.51  against it. During the previous market session, the Rupee traded at a slight low of  64.53 per Dollar.

The top gainers in the 30-scrip BSE included Hindustan Unilever, Reliance, ONGC and Power Grid; that gained by 1.63, 1.45, 1.31 and 0.87 per cents. The entities that lost the most according to the Bombay Stock Exchange’s benchmark index were TCS, HDFC, Bajaj Auto and Axis Bank that lost by 0.47, 0.43, 0.26 and 0.24 percentage points each.

Meanwhile, similar trends were recorded by the National Stock Exchange wherein the maximum gainers were Indian Oil Corporation, Hindustan Unilever, Reliance, ONGC that gained by 2.13, 1.85, 1.65 and 1.25 percentage points. On the other hand, the maximum losers were TCS, Aurobindo Pharma, Asian Paints, HDFC that lost by 0.61, 0.48, 0.41
and 0.39 per cents respectively.