News Details

( 07 Dec 2018)
Sensex surges 159 pts in opening trade, Nifty reclaims 10,630; Pharma stocks

India's stock market opened higher on Friday, led by strong buying Pharma stocks, undermining soft cues from Asian peers. Overseas, the Asian stocks were trading mixed, following a soft US session on Thursday, as investors weighed fall in oil prices ahead of the crucial OPEC meet outcome, due later in the day. Rupee traded on higher side in the opening bell by 35 paise at 70.55 per dollar on Friday versus previous close 70.90 per dollar.

Among individual shares, Shares of HCL Tech shed 4.5 percent in the early trade on Friday after company is going to buy some of IBM software products.

At 9:56 hours, the 30-share benchmark index was trading at 35471.14, up by 159.01 points or by 0.45 per cent, and the NSE Nifty was at 10632.3, up by 31.15 points or by 0.29 per cent.

The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1314.75,+1.52%), ITC Ltd. (Rs. 275.25,+1.16%), ICICI Bank Ltd. (Rs. 351.30,+1.08%), Bajaj Auto Ltd. (Rs. 2745.20,+0.96%), Maruti Suzuki India Ltd. (Rs. 7269.15,+0.82%), among others.

On the flip side, Wipro Ltd. (Rs. 325.50,-1.87%), Coal India Ltd. (Rs. 238.40,-0.96%), NTPC Ltd. (Rs. 138.15,-0.72%), Tata Steel Ltd. (Rs. 508.45,-0.51%), Oil And Natural Gas Corporation Ltd. (Rs. 139.55,-0.43%), among others.

On the sectoral front, index and FMCG stocks were among top gainers on BSE, rising as much as 0.81 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 1791 , shares advanced were 1011 while 682 shares declined and 98 were unchanged.