INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Key equity indices Sensex and Nifty registered a positive opening on Tuesday tracking a bounce in Asian peers and positive macro
in terms of low trade deficit.
India’s trade deficit declined to a five-month low in September even as exports contracted, providing some
respite from the rising gap that had sparked concern about the current account deficit (CAD)
The gap between exports and imports, or trade deficit, declined to $13.98 billion in September from $17.39 billion in August following
slower growth in imports, ET reported
RBI's decision to conduct open market purchase operations (OMOs) worth Rs 12,000 crore also influenced the sentient
The Reserve Bank of India will conduct OMOs worth Rs 12,000 crore on Wednesday, a move that will inject cash in the banking
system.
Partcipants embarked on buying ahead of September earning numbers of Infosys and Hero MotoCorp
At 9:30 am, the NSE Nifty index was trading 57 points up at 10,569, while the BSE Sensex was up 214 points at 35,080
The 50-share Nifty pack had 39 stocks advancing and 11 declining
In the Sensex index, three stocks - Wipro, Tata Consultancy Services and PowerGrid - were in the red while rest all were trading with
gains.
IndusInd Bank was leading among the Sensex gainers, rising nearly 3 per cent
IndusInd Bank on Monday posted 4.56 per cent year-on-year rise in profit at Rs 920.25 crore for quarter ended September 30
It had posted a profit of Rs 880.10 crore in the corresponding quarter last year
Asian Paints, Adani Ports, Mahindra Mahindra, Hindustan Unilever and ICICI Bank were among other gainers in the Sensex index.
BSE Midcap
and Smallcap index jumped 1 per cent each, outperforming the benchmark Sensex
All sectoral indices on BSE were trading in the positive territory, with auto, finance, consumer durables and realty gaining over 1 per
cent.
Shares of GTPL Hathway, Authum Investment Infrastructure, Spenta International and Poona Dal Oil Industries surged up to 20 per cnet
