Equity benchmark indices opened higher on positive cues from global markets. The stock market is set for its longest stretch of weekly gains in over six months.
On the sectoral front, banking, realty, IT, Financial services and pharma were trading higher by 1%, while FMCG, media, and metal were under pressure.
rose 234 points to 37,990 levels, while the Nifty
was up 66 points to 11,409. The market breadth was positive with 1,060 shares advancing, 464 shares declining, and 531 remaining unchanged on the NSE.
Shares of Coal India
dropped 2% in the morning trade after the company’s board has approved the second interim dividend of Rs5.85/equity share for FY19.
Volatility index India VIX was down 0.04% at 15.14.
Kotak Mahindra Bank
, IndusInd Bank
, ICICI Bank
, and GAIL
are trading higher, while Coal India, HUL
, and Airtel
are trading lower on the NSE.
The most active stocks on NSE are Reliance Industries
, IndusInd Bank, Kotak Mahindra Bank, and Yes Bank
The Indian rupee opened higher at 69.26 against the US dollar.
On the international front, the Bank of Japan is widely expected to maintain a pledge to guide short-term interest rates at -0.1% and 10-year government bond yields around zero per cent.