INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic equity benchmarks opened in the positive territory on Thursday, with the 30-share Sensex jumping over 100 points and
Nifty touching the level of 10,626 amid steady Asian cues, easing crude oil prices and strengthening rupee against the dollar.
Asian shares
advanced whereas US dollar fell on a spell of buying in global stocks
Crude oil slipped further on concerns of a supply glut in the market, however, the expectation of a cut in production by Opec group checked
the fall in crude prices.
Rupee's rise, too, influenced the sentiment
The rupee scaled its fresh 11-week high on Thursday following selling in greenback by exporters and softening crude oil prices.
BSE Sensex
was 72 points, or 0.21 per cent, up at 35,272, while the Nifty was 13 points, or 0.12 per cnet up at 10,613 around 9:25 am.
BSE Midcap and
smallcap were trading 0.19 per cent and 0.34 per cent up, respectively, at that time.
TCS, ONGC, YES Bank, Wipro and Vedanta climed over 1
Bharti Airtel, Axis Bank, State Bank of India, PowerGrid, Hero MotoCorp and Mahindra Mahindra were among the top losers in the Sensex
index.
BSE Telecom index plunged nearly 2 per cent on losses in Bharti Airtel, Bharti Infratel, Vodafone Idea and Tata Communications.
On
the other hand, BSE IT index was trading as the top gainer among the sectoral indices
IT stocks Tech Mahindra, Mindtree, HCL Tech, TCS, Wipro and Infosys were trading with gains even as rupee strengthened against the US dollar
Shares of YES Bank climbed 2 per cent after reports that the board meeting of the bank will now take place on December 13 to discuss among
other things the appointment of chairman, chief executive and independent director
Shares of ILFS Transportation Networks climbed 1 per cent even as the company said it did not pay interest due payable on November 21, on
the NCDs due to insufficient funds
Adani Gas, Birla Cable, Coastal Corporation, Dolat Investments and Gromo Trade Consultancy featured among stocks that hit 52-week highs on
BSE.
Shares of Citadel Realty (up 16.26 per cent), Mangalam Timber (up 13.54 per cent), Rollatainers (up 12.99 per cent), Agri-Tech (India)
(up 12.45 per cent) and Adani Gas (up 12.22 per cent) surged over 12 per cent on BSE in early trade
YES Bank (number of shares traded: 0.75 crore), Idea Cellular (0.67 crore), Reliance Communications (0.48 crore), Adani Gas (0.44 crore)
and JP Associates (0.42 crore) featured among the most traded stocks on NSE.
