Indian shares opened on a positive note Friday after three days of losses.
The benchmark 30-share BSE Sensex climbed 395 points, or 0.7 percent, to 61,318 in early trade, while the broader NSE Nifty index was up 120 points, or 0.7 percent, at 18,298.
Zee Entertainment Enterprises advanced 1.6 percent after the Bombay High Court asked the company to call an EGM as requisitioned by shareholders Invesco Developing Market Funds and OFI Global China Fund.
Concor was little changed despite reporting a 41.2 percent year-on-year (YoY) jump in Q2 net profit.
IDBI Bank rallied 2.2 percent on reporting a 75 percent jump in second-quarter net profit.
Bharti Airtel rose over 1 percent after its Rs. 21,000-crore rights issue was subscribed by approx. 1.44 times.
JSW Steel traded flat, a day after reporting its highest-ever quarterly net profit.
Indian Hotels rose half a percent after narrowing its Q2 loss.
GAIL added 1.7 percent on news it would build India’s largest green hydrogen plant.
Reliance Industries rose 0.6 percent ahead of its Q2 earnings due after market hours today.
Yes Bank edged down slightly ahead of its earnings release.
KEC International jumped 5.5 percent after it bagged new orders worth Rs 1,829 crore across its various businesses.
Market Analysis
Sensex, Nifty Edge Higher In Early Trade
2021-10-22 04:30:13
