Key Benchmark indices –Sensex & Nifty- opened flat to higher note on Monday. Asian stocks started the week on mostly positive note on Monday. Japanese stocks posted the biggest gains today, with stocks in HongKong & South Korea also up.
On commodity watch, Crude Oil began the week on a softer note, after completing its 6th consecutive week of gains Friday, with a report indicating increased US oil-rig movements.
At 9:50AM, the BSE Sensex moved up over 87pts to hover at 38,854 levels with Tata Motors, Coal India, TCS, HCL Tech and Vedanta among the top gainers. The Nifty50 of the NSE, on the other hand, is trading 24pts higher at 11,667 level.
Infosys, SunPharma, Bharti Airtel, Gail India and BPCL were among major losers on the Nifty, while Tata Motors, Coal India and TCS were top gainers.
Except Nifty Pharma index which traded near 0.50 percent lower at 9,382-level, all the other sectoral indices of the NSE were trading in the green.
Results Today: Tinplate, TRF Ltd, Tata Metaliks, Hathway Cable Datacom, Network18, TV18-Broadcast are among some top companies, which are scheduled to announce their Q4 results today.