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Indian shares opened steadily higher, as bulls appeared to be buying shares with renewed vigour after a day’s consolidation. The BSE Sensex was up 0.30 percent, or 74 points, to 28,237 while the NSE Nifty opened 0.17 percent, or 14 points, higher to 8,442. Sugar stocks were in focus early amid hopes the government would announce export sops.
Sector leaders Balrampur Chini, Shree Renuka and Bajaj Hindusthan were up between 1.54 percent and 3.88 percent. In individual stocks, SBI hit a 52-week high, rising 0.5 percent to Rs 2,960.Meanwhile, the market has given back all its gains and has slipped mildly into the red. As of this writing, the Sensex is down 0.1 percent to 28,136 while the Nifty is off 0.15 percent to 8,413.
The frontline market has given back a major part of its opening gains, even as, predictably, the action continues in the broader market. The BSE Sensex was up 0.08 percent, or 21 points, to 28,188 while the NSE Nifty had gained 0.04 percent, or 3 points, to 8,429. Overall, sugar and consumer durables have raised the most with 1.94 percent and 1.44 percent gains, respectively, followed by metals, autos, capital goods and chemicals, all up about 0.5 percent.
Indian shares opened steadily higher, as bulls appeared to be buying shares with renewed vigour after a day’s consolidation. The BSE Sensex was up 0.30 percent, or 74 points, to 28,237 while the NSE Nifty opened 0.17 percent, or 14 points, higher to 8,442. Sugar stocks were in focus early amid hopes the government would announce export sops.
Sector leaders Balrampur Chini, Shree Renuka and Bajaj Hindusthan were up between 1.54 percent and 3.88 percent. In individual stocks, SBI hit a 52-week high, rising 0.5 percent to Rs 2,960.Meanwhile, the market has given back all its gains and has slipped mildly into the red. As of this writing, the Sensex is down 0.1 percent to 28,136 while the Nifty is off 0.15 percent to 8,413.
The frontline market has given back a major part of its opening gains, even as, predictably, the action continues in the broader market. The BSE Sensex was up 0.08 percent, or 21 points, to 28,188 while the NSE Nifty had gained 0.04 percent, or 3 points, to 8,429. Overall, sugar and consumer durables have raised the most with 1.94 percent and 1.44 percent gains, respectively, followed by metals, autos, capital goods and chemicals, all up about 0.5 percent.
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