Sensex and Nifty opened a slight higher on Thursday as the US Fed Reserve overnight raised interest rates by 25 bps. The BSE Sensex trades up by 11.78 points at 33,064.82, while the NSE Nifty-50 rose 6.30 points to 10,199.25 in late morning hours.
Shares of Mahindra and Mahindra, DR Reddy’s Lab, Infosys, Asian Paints, ONGC, Lupin were the major gainers on Sensex today, rising up to 1.43% while Tata Consultancy Service, HDFC, Kotak Mahindra Bank, Hindustan Unilever Limited, lost up to 1.17%.
The index heavyweights like HDFC, TCS, ICICI Bank and Kotak Mahindra Bank contributed the mainly to the Sensex losses, while Infosys & HDFC Bank helped to reduce the losses.
Shares of Tata Communications Limited rose 5 percent to Rs. 730 after the it has approved proposal to demerge around 773 acres surplus land of govt through special purpose vehicle company Hemisphere Properties Limited.
The rupee rose against the US dollar; it opened at 64.32 per dollar and was trading at 64.28 a dollar, up 0.24 percent from its last close of 64.44.