Latest Market News- Sensex and Nifty, on Thursday opening hours, trade higher against the previous session’s closing, as firmness in Asian stocks boosted sentiment. Traders will be watch on the WPI data due in the afternoon. The Indian rupee strengthened against the US dollar, tracking gains in the Asian currencies market.
The BSE Sensex was trading higher by 234 points to 34,391 while the NSE Nifty rose 72 points to 10,573 levels in the morning hours.
PNB shares fell further by over 7% following the fraudulent transactions which happened on Wednesday. Idea Cellular has approved a proposal to sell shares via a QIP to raise as much as Rs3,500 crore.
On NSE, shares of Hilando, Vedanta, ICICI bank, Bharti Airtel and Infosys are toppers while shares of Indiabuls HF, Asian paints, Wirpo, Aurbindo Pharma and
Sun pharma are losing.
Nestle India Ltd reported a rise in its net profit of 59.57% to Rs. 311.83 fr, for the Q4 ended December 2017, while Sun Pharma reported a 75% fall in Q3 net profit.
The IPO of Aster DM Healthcare Ltd got 45% subscription, the second day of the share sale.