Equity benchmarks opened on a Positive note led by gains in FMCG, banks, consumer durable and auto stocks but indices are finding it difficult to sustain at higher levels. At 10.00 AM, the S&P BSE Sensex is trading at 28,515 up 73 points, while NSE Nifty is trading at 8,540 up 2 points. The Indian rupee opened flat at 61.9 per dollar today against 61.88 a dollar in previous session. Global cues are healthy. Asian indices are trading higher followed by positive closing in US indices on Wednesday. Japan's Nikkei and Hong Kong's Hang Seng are up over half a percent each. China's Shanghai index is also up around 0.6% now.
The public issue of garment manufacturer Monte Carlo was subscribed by 61 per cent on the first day of the IPO. The issue will remain open till Friday. Among others, SAIL slips for second day in row as Govt. to sell 5% stake. ITC rallies nearly 6% on reports that ban on loose cigarettes to be put on hold. The market breadth indicating the overall health of the market is strong with more than 700 gainers against 605 losers.
The public issue of garment manufacturer Monte Carlo was subscribed by 61 per cent on the first day of the IPO. The issue will remain open till Friday. Among others, SAIL slips for second day in row as Govt. to sell 5% stake. ITC rallies nearly 6% on reports that ban on loose cigarettes to be put on hold. The market breadth indicating the overall health of the market is strong with more than 700 gainers against 605 losers.
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