NEW DELHI: Markets on Monday started on a positive observe with the benchmark BSE Sensex gaining over 100 issues forward of the retail inflation and manufacturing unit output information. The 30-share BSE index surged 126 issues or 0.36 according to cent to 35,284, whilst the wider NSE Nifty stood 44 issues or 0.42 according to cent up at 10,630.
Bharti Airtel, Kotal Mahindra Bank, Adani Ports, IndusInd Bank and Infosys were among the main gainers on the BSE platform, up as much as 1.52 according to cent. On NSE, sub-indices Nifty IT and Pharma were among the top gainers, up as much as 1.27 according to cent.
With quarterly earnings season nearly over, focus of the equity markets this week would shift to macroeconomic information announcements, international factors and state polls, say experts.
"In the short-term, we are expecting some relief in the market given a big correction in the last two months and rebound due to technical factors. For the week ahead, CPI inflation, WPI and IIP are key events," mentioned Vinod Nair, Head of Research, Geojit Financial Services.
Industrial manufacturing and retail inflation figures will likely be introduced on Monday, whilst WPI inflation information is scheduled for Wednesday.
Trend in crude oil costs and motion of rupee would even be tracked by way of marketplace contributors.
Meanwhile, the rupee weakened by way of 26 paise to 72.76 in opposition to the USA greenback on Monday, owing to greater call for for the American forex from importers amid expanding international crude oil costs.
The world benchmark, Brent crude once more breached the $71 a barrel mark by way of surging 1.21 according to cent.
(With inputs from PTI)
Bharti Airtel, Kotal Mahindra Bank, Adani Ports, IndusInd Bank and Infosys were among the main gainers on the BSE platform, up as much as 1.52 according to cent. On NSE, sub-indices Nifty IT and Pharma were among the top gainers, up as much as 1.27 according to cent.
With quarterly earnings season nearly over, focus of the equity markets this week would shift to macroeconomic information announcements, international factors and state polls, say experts.
"In the short-term, we are expecting some relief in the market given a big correction in the last two months and rebound due to technical factors. For the week ahead, CPI inflation, WPI and IIP are key events," mentioned Vinod Nair, Head of Research, Geojit Financial Services.
Industrial manufacturing and retail inflation figures will likely be introduced on Monday, whilst WPI inflation information is scheduled for Wednesday.
Trend in crude oil costs and motion of rupee would even be tracked by way of marketplace contributors.
Meanwhile, the rupee weakened by way of 26 paise to 72.76 in opposition to the USA greenback on Monday, owing to greater call for for the American forex from importers amid expanding international crude oil costs.
The world benchmark, Brent crude once more breached the $71 a barrel mark by way of surging 1.21 according to cent.
(With inputs from PTI)
Markets open in green, Sensex up over 100 points; Nifty above 10,600
![Markets open in green, Sensex up over 100 points; Nifty above 10,600]()
Reviewed by Kailash
on
November 12, 2018
Rating:
