The BSE Sensex and NSE Nifty50 index opened on a positive note on Tuesday after India’s economy grew by 7.4 per cent in July-September (Photo: Reuters)
9.22 am: In the 50-share index, Asian Paints and Bharti Airtel were trading 2.23 per cent and 2.15 per cent down in the early trade. On the other hand, Power Grid and IndusInd Bank were up 2.02 per cent and 1.69 per cent, respectively.
9.17 am: Sensex was up 73.52 points 26,219.19. Nifty was up 32.55 points at 7,967. State-owned trading firm MMTC said it will invest about Rs 6,000 crore to double the capacity of Neelachal Ispat Nigam (NINL) in the next four years. Shares of MMTC were trading 0.33 per cent up at Rs 45.55 in the early trade.
9.15 am: The BSE Sensex and NSE Nifty50 index opened on a positive note on Tuesday after India’s economy grew by 7.4 per cent in July-September, outpacing China to become the fastest growing major economy. Sensex opened 55.60 points up at 26,201.27, while Nifty index opened 22.90 points up at 7,958.15.
The signs of recovery in the GDP, from a growth rate of 7 per cent in the previous quarter ended June 30, follows a series of rate cuts announced by the RBI in recent months and bolstered the case for the central bank to hold onto its rate at its scheduled monetary policy review meeting on Tuesday.
Other Asian market were also trading higher, shrugging off a Chinese factory survey that did little to ease persistent concerns about cooling growth in the economy, while a private survey showed a hint of stabilisation.
Back home, equity markets showed a volatile trade on Monday, though the major bourses managed to keep their head in green for most part of the day and closed on a flat note. The BSE Sensex ended 17.47 points up at 26145.67, while Nifty50 index closed 7.45 points down at 7935.25.
The FIIs as per Monday’s data were net sellers in equity and in debt segments both, according to data released by the NSDL.
In equity segment, the gross buying was of Rs 2,820.14 crore against gross sell of Rs 3,278.53 crore. Thus, FIIs stood as net sellers of Rs 458.39 crore in equities.
In the debt segment, the gross purchase was of Rs 355.83 crore with gross sales of Rs 900.62 crore. Thus, FIIs stood as net sellers of Rs 544.79 crore in debt.
(With inputs from agencies)
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