Sensex, Nifty Modestly Higher In Early Trade; Top Banks Decline On Weak Q4 Results
(RTTNews) - Indian shares were trading higher on Monday as firm cues from global markets helped offset disappointing earnings from the banking sector.
The benchmark S&P/BSE Sensex edged up by 335 points, or 0.4 percent, to 80,837 in early trade while the broader NSE Nifty index rose by 129 points, or half a percent, to 24,475.
Tata Motors jumped 1 percent after its board approved the issuance of non-convertible debentures (NCDs) worth up to Rs 500 crore.
IRCON International rallied 3.3 percent on winning a new work order worth Rs 458.14 crore from Northeastern Electric Power Corporation.
Mahindra & Mahindra was up 0.6 percent and Indian Hotels Company climbed 1.8 percent ahead of their earnings results due today.
Marico soared 5 percent as it reported 8 percent growth in Q4 profit.
Kotak Mahindra Bank plunged 5 percent on reporting a 14 percent fall in quarterly profit.
State Bank of India declined 1.6 percent after Q4 profit fell 10 percent year-on-year.
Avenue Supermart fell 2.5 percent after reporting a 2 percent fall in its quarterly net profit.
Indian Markets Closed For Independence Day
Lower Open Predicted For Thai Stock Market
Japanese Market Notably Higher
Indonesia Bourse Due For Consolidation On Friday
Australian Market Modestly Higher
Hong Kong Shares Tipped To Open In The Red
China Shares Likely Rangebound Again On Friday
