Thu, 18 Jul 2019

Mumbai (Maharashtra) [India], Apr 16 (ANI): Equity benchmark indices opened in the positive zone on Tuesday in tandem with Asian peers with investors focusing more on corporate earnings for the final quarter of 2018-19.

All sectoral indices except realty traded in the green on National Stock Exchange during early hours.

At 10:15 am, the BSE SP Sensex was up 292 points at 38,198 while the NSE Nifty 50 gained 74 points to 11,765.

Indian Oil, ICICI Bank, Coal India, Infratel and Vedanta were the top gainers.

On the flip side, Tata Motors, Infosys, Tata Steel, ONGC and HDFC Bank were the top losers.

On Monday, the Indian Meteorological Department forecast near-normal rains for the monsoon season, lifting worries over the possibility of below-normal rainfall that private weather forecaster Skymet had predicted earlier.

Meanwhile, shares in Asian markets traded on a positive note as investors weighed earnings in the United States and Japan.

The US-China trade dispute is showing signs of progress but a slowdown in global corporate earnings and bleak investment climate have put pressure on risk assets.

(ANI)

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