Latest updates on stocks, Nifty hovers below 11300

Benchmark indices on Monday’s session opened the day lower, following eight consecutive day of losses that ended on Friday. Stock Markets are likely to be gradually more volatile this week, as the exit polls on 19th May and the poll results on 23rd May. 

During morning trade at 10.15am, the indices lifted from its flat level and moved higher with the NSE Nifty up by 10 points in at 11,289-levels, and the Sensex  stood a 37547-lelvel, up 84 points.

The Indian rupee also opened on weaker note in trade and declined 0.38% to mark to 70.17

From the Nifty leading stocks were Bharti Infratel, Tech Mahindra, TCS and SBI, whereas Eicher Motors, Indiabulls Housing, Zee Entertainment, L&T and Yes bank.

The Nifty50 indices sectorally up by only FMCG, IT and Financial service and the remaining sectors were seen in red.

Among specific stocks, Eicher Motors trade lower by 4.96% after results.

Shares of L&T trade lower by 1.89% after its board approved a merger plan with L&T Ship-building.

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