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The Indian Stock Market is gaining as it kicks
off June F&O series. The Nifty is up 29.95 points or at 8348.95. The Sensex
is up 117.30 points or 0.4 percent at 27624.01. About 1069 shares have
advanced, 628 shares declined, and 109 shares are unchanged. About 1032 shares
have advanced, 601 shares declined, and 117 shares are unchanged. Sun Pharma,
Bharti Airtel, Cipla, Coal India and SBI are top gainers in the Sensex. Among
the losers are ONGC, BHEL, GAIL, Dr Reddy's Labs and Tata Motors.
The Indian rupee was flat in early trade. The currency has opened at 63.81 a
dollar against previous day's closing value of 63.80 a dollar. Sun Pharma was
up 0.8 percent while Mahindra & Mahindra fell 0.9 percent ahead of March
quarter earnings today. ICICI Bank, Tata Steel, HDFC, Bharti Airtel, BPCL,
Ultra-Tech Cement, Tech Mahindra and Grasim gained 0.6-2 percent. However, ONGC
tanked 4 percent and NMDC lost 3 percent post Q4 earnings. BHEL, Hindalco,
NTPC, HCL Tech and PNB fell 0.5-1.5 percent.
Overnight, stocks on Wall Street closed marginally lower, with mixed economic
data. Asian markets were mixed too. In other asset classes, the US dollar was
slightly lower, crude edged up while gold was flat-to-lower. The market started
its June series on a flat note on Friday. The Sensex gained 13.43 points at
27520.14 and the Nifty rose 1.65 points to 8320.65. About 429 shares have
advanced, 206 shares declined, and 74 shares are unchanged on the BSE.