Indian shares opened higher on Monday despite mixed cues from global markets.
The benchmark 30-share BSE Sensex edged up 312 points, or 0.60 percent, to 52,900 in early trade, while the broader NSE Nifty index was up 97 points, or 0.6 percent, at 15,860.
Maruti Suzuki India rose over 1 percent after reporting a 50 percent increase in July sales.
Tata Motors gained more than 1 percent on reporting 92 percent increase in domestic sales in July.
Hero MotoCorp, which commenced retail operations in Mexico, was up half a percent.
IDFC First Bank tumbled 2.6 percent as it reported a net loss of Rs. 630 crore for the June quarter.
SpiceJet was little changed. The low-cost airline plans to launch 16 new flights from August.
Exide Industries dropped 1.1 percent despite the company reporting whopping 185 percent year-on-year rise in Q1 standalone profit.
HDFC rose about half a percent, Punjab National Bank rallied 1.7 percent and Castrol India edged up slightly ahead of their quarterly earnings results due today.
Market Analysis
Sensex Up Over 300 Points; Nifty At 15,860
2021-08-02 04:32:58
