Sensex, Nifty open marginally higher, Infosys shares rise

stock market up The key indices opened the session on a flat note since traders remained cautious ahead of Sept-quarter GDP data to be released on Thursday.

At 10.40 Am., the BSE index Sensex was up 31.91 points at 33,650.50 and the NSE Nifty 50 index was up 8.90 points at 10,379.15.

Shares of Oil and Natural Gas Corporation, Coal India, Reliance Industries, Dr Reddy’s Lab, ITC, NTPC, Infosys gained up to 1.7% while Axis bank and HDFC dragged the most, lost up to 1.2 percent each. The heavyweight shares of Reliance, ITC and Infosys contributed the most to the Sensex gains, whereas a fall in HDFC twins and Axis Bank cut off most of the gains.

Shares of SREI Infrastructure Finance Ltd rose 2.5 percent to Rs. 111.65 after its subsidiary SREI Equipment Finances files draft red herring prospects with regulator Sebi. The initial offer consists fresh issue of shares worth Rs. 1,100 crore and offer for sale of up to 43.86 lakh shares by SREI Infra.

The Indian rupee depreciated 10 paise to 64.51 against the USD in early trade. Earlier yesterday, it has gained 9 paise to conclude at a fresh two-month high against the US dollar.

Monday- 27 Nov Sensex falls 69 points, Nifty trades lower, ONGC stocks rose

sensex downIndian Share Market opened marginally lower on Monday tracking weakness in Asian markets and on caution prior to the release of July-September GDP data later this week.

At 10.50 am, BSE Sensex lost 69 points to open at 33,610 whereas NSE Nifty dropped 28.65 points to begin at 10,361. The Indian rupee dropped 9 paise to 64.79 against the dollar in early trade at the interbank foreign exchange.

ONGC, United Phosphorus Ltd, Vedanta Ltd, Hindalco and Tech Mahindra gained the most on Nifty50, while Bharti Airtel, HPCL, Infosys, Adani Ports and Sun Pharma were the top losers.

Shares of Videocon Industries Ltd rose 5 percent to Rs 13.45 after the company announced that it seeks shareholders approval for raising Rs. 2,000 crore via shares.

Shares of Satin Creditcare Network Ltd rose 3 percent to Rs. 400 after the company announced that it will raise fund from promoter, Nordic Microfin, Kora Investment & IndusInd Bank Ltd. by way of equity & convertible preference shares.

Shares of Oil & Natural Gas Corp (ONGC) spiked 2 percent to Rs. 183.30 after rise in crude oil price internationally.