Live Market- BSE Sensex rose 137.23 points to 33,294.45, while the NSE Nifty gained 46 points to 10, 369.05 at 10.36 am on Monday. The shares of Maruti Suzuki, ONGC, Bharti Airtel rose, whereas the shares of Kotak Bank and Dr Reddy’s fell, while Indian rupee rose against the dollar.
ONGC shares gained 2.91% to Rs. 188.90. The net profit of the company rose 3.1% to Rs. 5,131 crore in July-Sept quarter from Rs. 4,975 crore in the corresponding period last year.
Aviation stocks lead gains as Jet Airways stock rose 7% and Inter Globe Aviation rose 1.7% while SpiceJet Ltd adds 2.6%.
Banking stocks were trading higher in the morning hours. Stocks of Syndicate Bank rose 3.6%, PNB 3.4%, OBC 2.7%, Bank of India 2.7%, Indian Bank 1.9%, Allahabad Bank and Union Bank of India, Yes Bank Corporation Bank rose 1.7% each, while Central Bank of India up1.6%.
Auto stocks rose in the morning hours such as Maruti Suzuki India Ltd up 1.2% to Rs. 8,215.20. Maruti Suzuhi’s net sales rose 21.8% to Rs. 21,428.1 crore, mainly due to better product mix.
The rupee opened at 64.92 per dollar and was trading at 64.90 against the dollar, up 0.24% from its last close of 65.05.