Domestic equity markets opened in green tracking firm global cues. Sensex opened 189.36 points up at 26,344.19. (Express Photo)
10.04 am: Shares of Eveready Industries gained over 3 per cent in the morning trade on reports that the company has hike battery prices by Re 0.50 per piece (5 per cent).
10.01 am: Brokers said sentiments turned bullish after RBI Governor Raghuram Rajan sprang a surprise by announcing a biggest-than-expected interst rate cut of 0.50 per cdent to 6.75, lowest in four-and-half-years to boost country’s economic growth. Sensex was up 223.80 points at 26378. Nifty was up 51.80 points at 8,000.
9.43 am: Kalpataru Power Transmission (KPTL) shares gained over 3 per cent in the morning trade on Thursday after the company informed stock exchanges that it has bagged two contracts worth Rs 781 crore. The company has secured one contract for transmission line projects in international geographies namely Malawi and Kuwait of approximately Rs 594 crore. The company has bagged the second contract for a pipeline project worth around Rs 187 crore from ONGC. In the year till date, the company has secured orders of around Rs 3,460 crore, which is almost three times of order inflow of last year in the same period.
Sensex was up 0.82 per cent at 26,367.
9.19 am: Sensex was up 271.81 points at 26,426.64. Nifty was up 45 points at 7,993.05. In the 50-share index, Vedanta, GAIL, Infosys, Adani Ports and Sun Pharma were up between 1.50 per cent and 2 per cent. On the other hand, HCL Tech, Tech Mahindra, Idea, Bhel and Tata Motors fell between 0.10 per cent and 14.50 per cent.
Source: NSE
Domestic equity markets opened in green tracking firm global cues. Sensex opened 189.36 points up at 26,344.19. Nifty opened 43.15 points up at 7,992.05.
Shares of HCL Technologies will remain in focus on Thursday. For 1QFY2016, the company has given a pre-quarter guidance indicating that revenues to be reported in US dollar to have an adverse impact of 80 basis points on account of sharp depreciation of multiple currencies against US dollar. HCL Tech shares were down around 10 per cent in the opening trade.
Asian stocks rose on Thursday, drawing strength from overnight gains in global equities markets following their weakest quarter in four years, and a China factory activity survey that came in slightly better than initially expected.
The final Caixin/Markit China Manufacturing Purchasing Managers’ Index (PMI) for September was slightly down from August but was a touch higher than a preliminary reading, data released on Thursday showed.
Back home, Sensex and Nifty gained over 1 per cent on Wednesday following upbeat global markets. The sentiments also got a boost after the Reserve Bank of India went for a bigger-than-expected rate cut on Tuesday. Sensex closed 376.17 points up at 26,154.83. Nifty advanced 105.60 points at 7,948.90.
(With inputs from agencies)
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