Market Update: The Sensex, Nifty were trading higher in early trade on Thursday against the previous session’s closing, led by gains in banks’, energy and automobiles stocks on positive cues from Asian markets. BSE Sensex traded higher by 151.33 points to 32,748.51, while the NSE Nifty-50 rose 49.57 points to 10,093.85 in later morning hours.
Stock Movements: Shares of Maruti Suzuki, NTPC, Tata Steel, L&T, Hero Motor Corp and Bajaj Auto were leading the charge while Reliance, Sun Pharma, and Wipro falling a little in the early trades. Shares of L&T rose 1% after the company said it won order worth Rs. 1,600 crore in Hydrocarbon Engg from HPCL Vizag refinery.
Stock Watch: IDBI Bank has approved the sale of 27,99,999 equity share of National Securities Depository constituting 7% of its total paid-up equity capital held by IDBI Bank. Infosys Limited has filed a settlement application with the Sebi, seeking to resolve allegations relating to poor corporate governance.
Rupee Watch: The Indian rupee opened a bit changed against the dollar in opening trade. The domestic currency was being traded at 64.54 a dollar, down 0.03% from its last close of 64.52.
Commodity Crude: Benchmark crude oil futures for January delivery ended lower by USD 1.66 or 2.88% at USD 55.96 a barrel on the NY Mercantile Exchange, while Brent crude for Feb delivery was down by 2.6% to USD 62.90 a barrel on the Indian Commodity Exchange.