The BSE Sensex and NSE Nifty rose marginally in opening trade on Monday on mixed cues from global markets. At 10.20 am, BSE Sensex traded lower by 82.88 points to 33,231.80, while the NSE Nifty 50 fell 37.80 points to 10,283.95. Gains are mainly seen in auto stocks and software stocks, while realty and Capital good stocks were witnessing majority of the selling pressure in the morning hours.
Stock Movements in early hours: Shares of L&T fell 3% to Rs. 1236 after the company reduced its order inflow guidance for the full year ended March 2018.
Stocks of RCom fell 8% to Rs13 after the company posted a fourth consecutive consolidated loss to Rs. 2,709 crore in the quarter ended September against profit of Rs 62 crore a year ago.
Shares of Axis Bank Ltd rose 2% after the bank on Friday said its board had approved raising up to Rs.11,625.8 crore through a private placement of shares led by private equity fund Bain Capital.
Stock in focus: Tata Chemicals, Idea, Indian Hotels, Apollo Hospitals, NTPC, Future Enterprises, Gujarat State Petronet, among others, are scheduled to report their quarterly earnings during the day.
New India Assurance Company’s recently concluded IPO, will make its stock market debut on Monday.
Larsen & Toubro has reported a net profit Rs 1,820 cr in the second quarter of 2017-18, up 27 % YoY.
Reliance Communications Limited has posted a consolidated loss of Rs 2709 cr for the Sept end quarter compared to a loss of Rs 1210 cr in the previous quarter.