INSUBCONTINENT EXCLUSIVE:
The Sensex opened at 36,501.05 while the NSE Nifty50 was at 11,019.85.The domestic equity markets started the week on Monday on a positive
The SP BSE Sensex opened at 36,501.05 while the NSE Nifty50 was at 11,019.85
In early trade, the Sensex traded at 36,600.47, up 104.10 points or 0.29 per cent
The broader Nifty was at 11,046.15, with a gain of 35.95 points or 0.33 per cent
Thirty five out of 50 Nifty stocks traded in the green
Among the top gainers was Asian Paints Ltd, which gained over 3 per cent on both the indices after the GST Council decided to lower the tax
rate to 18 per cent from 28 per cent on paints.ITC and Adani Ports also gained between 2-3 per cent on both the benchmarks.Eight out of 12
PSU banking stocks declined on the NSE
Nifty IT index traded with losses and was down at 0.13 per cent.Wipro was the top loser on both the indices as it lost over 2 per cent,
despite posting a net profit of Rs
2,077 crore a year earlier.HDFC Bank was down about over 1 per cent on both the indices despite posting 18.2 per cent rise in first quarter
profit.In the global markets, Asian shares declined, with Japanese stocks pressured by strength in the yen after the dollar broadly dropped
on US President Donald Trump's criticism of the Federal Reserve
The MSCI Asia Pacific Index rose 0.2 per cent, Japan's Topix index fell 0.3 per cent, and South Korea's Kospi index fell 0.3 per cent
end at 2,801.83 and the Nasdaq Composite inched lower by 0.07 per cent to 7,820.20.
