Sensex opens 100 points up, Nifty above 10500 mark

Sensex opens 100 points up, Nifty above 10500 mark

At 11:03 AM, the BSE Sensex was trading at 34,392, up 249 points, while the Nifty50 index was trading at 10,561, up 70 points.

Back home, the benchmark indices, after going through a dismal February series, kicked off the March series on a strong note as indices ended about 1% higher on Friday taking cues from the global markets.

Monday's early trade gains were mostly by some buying witnessed in the metals, auto, realty and energy sectors - up between 0.8 per cent and 1.5 per cent. The broader indices outperformed the benchmark indices as the Nifty Mid-cap and Nifty Small-cap surged 1.72% and 1.91%, respectively.

The CBI registered loan default case against Simbhaoli Sugars Ltd, Uttar Pradesh based sugar company, for allegedly causing loss of Rs109cr to Oriental Bank of Commerce, as per media reports.

Major gainers were IndusInd Bank, up 2.98%, Tata Motors 2.90%, L&T 2.50%, Tata Motors DVR 2.40% and Adani Ports 2.34%.

On the other hand, Dr Reddy'S Laboratories (2.69%), Sun Pharmaceutical Industries (1.23%), Tata Consultancy Services (0.71%), Infosys (0.49%), and I T C (0.43%) were the major losers in the Sensex.

Among Asian markets, Japan's Nikkei was trading higher by 0.82 per cent. Hong Kong's Hang Seng up 0.54 per cent and Shanghai Composite 0.31 per cent higher.

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