Sensex opens over 200 points up; NTPC in focus
At 0917 hours BSE Sensex was trading at 31,556.18, up 167.79 points or 0.53% while NSE Nifty 9,857.65, up 61.60 points or 0.63%.
Domestic markets on Wednesday opened in green. At 0917 hours BSE Sensex was trading at 31,556.18, up 167.79 points or 0.53% while NSE Nifty 9,857.65, up 61.60 points or 0.63%.
On 30-share benchmark, among top gainers were Sun Pharma (1.67%), Adani Ports (1.24%), HDFC (1.13%), Reliance Industries (1.06%) and Cipla (1.01%). Among top losers were Power Grid (-0.28%), Tata Consultancy Services (-0.24%), Asian Paint (-0.23%) and NTPC (-0.18%).
Shares of NTPC will be in focus ahead of its on-gaing stock-auctiion. Till yesterday, the offer for sale of NTPC was subscribed by 1.41 times by non-retail investors, on the first day of offer.
IIFL in its daily market report said, "Nifty finds support around 9750 while 9850 will act as resistance. Bank Nifty also finds support around 23900 while 24250 will act as resistance."
On global markets front, according to Reuters report, the dollar rebounded from a 2-1/2-year low, and Asian stocks took their cue from Wall Street’s higher close, as concerns about North Korea’s firing of a missile over Japan ebbed.
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.35%. Japan's Nikkei rose 0.55%.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
09:43 AM IST