Indian shares opened on a positive note Tuesday despite mixed global cues.
The benchmark 30-share BSE Sensex climbed 248 points, or half a percent, to 54.650 in early trade, while the broader NSE Nifty index was up 48 points, or 0.3 percent, at 16,306.
Financials were gaining ground, with Axis Bank, HDFC Life, Kotak Mahindra Bank and HDFC rising between 0.8 percent and 1.5 percent.
Shree Cement tumbled 3.6 percent to pace the decliners after unveiling its first-quarter earnings results.
ONGC edged down slightly after oil prices hit a three-week low on Monday to extend last week’s steep losses.
Amara Raja Batteries gained about 1 percent. The company plans to invest about $1 billion in the next five to seven years towards capex.
Subex rallied 3.2 percent on reporting a 11 percent fall in Q1 profit.
Cadila Healthcare was moving higher on reports that its needle-free Covid-19 vaccine ‘ZyCoV-D’ may get the emergency use authorization (EUA) approval this week.
Market Analysis
Sensex, Nifty Edge Higher In Early Trade
2021-08-10 04:14:46
