Market Opening: Sensex at 38500 level; IndiGo, ICICI Bank in focus

The benchmark indices continue to open positive for the second day of week in line with positive global cues.

The benchmark indices continue to open positive for the second day of week in line with positive global cues as US markets ended positive and trends on SGX Nifty led towards a higher opening for market.

At 9:16 IST, Sensex was trading at 38487 gaining 305 points or 0.81%, Nifty added 85  points or 0.0.76% to 11356.

Yesterday, The Sensex closed 142 points, or 0.37 percent, higher at 38,182.08 on August 10 and the Nifty ended at 11,270.15, with a gain of 56 points, or 0.50 percent.

Stocks of ICICI and IndiGo to be in major focus as ICICI to launch QIP worth 2 Bn with the floor price of Rs 351.36 per equity share, IndiGo to raise funds worth Rs 4000 Crore through QIP.

Highlights as of Market Opening:

  • Indices trade higher at market opening led by positive global cues and trends on Singaporean exchange.
  • At opening, JSW Steel stands as the top gainer of Nifty up by 2.15%.
  • Shree Cements stands as the top loser of Nifty down by 4%.
  • Nifty Bank at market opening, Higher by 256 points, or 1.17% at 22156.
  • 1057 shares have advanced and 234 declined (NSE).

Results Today:

AIA Engineering, Ashoka Buildcon, Bajaj Electricals, Bosch, Capacite Infraprojects, Central Bank of India, Chalet Hotels, Elecon Engineering, Galaxy Surfactants, Godawari Power & Ispat, Indoco Remedies, JMC Projects, Kopran, Metropolis Healthcare, Motherson Sumi Systems, PTC India, RCF, RITES, Suven Life Sciences, Symphony, Usha Martin, VST Tillers Tractors, etc.

5 stocks under F&O ban on NSE:

Canara Bank, Century Textiles, Vodafone Idea, Muthoot Finance and Vedanta are under the F&O ban for August 11.

 

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