Indian shares opened higher on Thursday to reach new highs despite mixed cues from global markets.
The benchmark 30-share S&P BSE Sensex edged up 147 points, or 0.3 percent, to 58,870 in early trade, while the broader NSE Nifty index was up 41 points, or 0.2 percent, at 17,560.
IndusInd Bank and ITC led gainers in the Nifty pack to rise nearly 5 percent each, while Hero MotoCorp, Tata Consumer Products and BPCL all rose more than 1 percent.
Hindustan Copper plunged 5.4 percent after the government said it will sell up to 10 percent stake in the company via an offer for sale.
Tata Motors edged up slightly after launching the ‘XPRES T EV’ for fleet customers.
Coal India fell about 1 percent on news it plans to offer 15 mines to developers to raise output by a combined 160 million tons per year.
Vodafone Idea shares soared 14 percent, a day after the Union Cabinet approved a relief package for the telecom industry.
Infosys was slightly lower. The IT firm partnered with SAP to provide Business Process Transformation-as-a-Service to enterprises.
Adani Transmission fell more than 1 percent despite news that it has received a letter of intent for acquisition of MP Power Transmission Package-II for Rs 1,200 crore.
Wipro was marginally higher after receiving a multi-year IT managed services contract from Kuala Lumpur- headquartered Maxis Broadband Sdn Bhd.
CEAT gained 1 percent on fund raising reports.
HG Infra Engineering jumped 4 percent as it received the letter of award from NHAI for two HAM projects.
Market Analysis
Sensex, Nifty Modestly Higher In Early Trade
2021-09-16 04:23:49
