FIRST TRADE: Indices open marginally higher; Sensex, Nifty driven by IT stocks

Stock market today: The domestic equity indices opened marginally higher on caution ahead of India's gross domestic product (GDP) June quarter data. Selling was seen in the bank and realty counter in the morning saw higher trade, whereas IT stocks gave much-needed support.

Last seen, the S&P BSE Sensex was up 68.61 points, or 0.11 per cent, at 65,155. 86 and the NSE Nifty was up 7.05 points, or 0.04 per cent, at 19,354.5, at the last count. 

In the broader market, Nifty Mid Cap 100 and Small Cap 100 were trading over half a per cent strong. 

At the time of filing this report, Nifty Bank was up 0.13 per cent at 44,289.9. 

BUZZING STOCKS 

Jio Financial Services stock hit the upper circuit for the fourth consecutive session. 

Balaji Amines shares were down over 1 per cent ahead of posting Q1 results. 

Sula Vineyards shares declined over 3 per cent after reports about Verlinvest Asia PTE may sell a stake of up to 12.56 per cent. 

Medplus Health stock was down over 6 per cent reports about PI OPPORTUNITIES FUND (Premji Invest) and Lavender Rose together likely to sell an 8.1 per cent stake.

Netweb Technologies' scrip climbed over 1 per cent after IT Minister Ashwini Vaishnav said that a Rs 2,430 crore investment is expected in the IT PLI scheme. 

Spandana Sphoorty shares were up over 1 per cent after Max Life Insurance Company and KOTAK MAHINDRA LIFE INSURANCE - CLASSIC OPPORTUNITIES FUND ULIF bought stakes. 

RVNL stock was up over 2 per cent after the company was declared as declared as the L1 bidder from Maharashtra Metro Rail Corporation. 

Zen Technologies scrip rose over 2 per cent after the company received an order worth Rs 72.29 crore from the Ministry of Defence. 

Nazara Technologies' stock was up over 3 per cent after its board announced to discuss raising capital.

GLOBAL MARKETS 

Asian stock markets were mostly lower Thursday after Japanese factory activity and Chinese service industry growth weakened. Shanghai, Hong Kong, and Seoul declined. Tokyo gained. Wall Street's benchmark S&P 500 index rose 0.4 per cent on Wednesday after the U.S. government cut its estimate of economic growth for the second quarter to a still-robust level.

(With agency inputs)

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