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Here's how the Markets opened today

Here's how the Markets opened today
Stock Market1 min read

The Nifty rose a strong 44 points in early Monday deals as traders ramped up oil marketing companies on falling global prices for crude oil and beaten down stocks such as Hindalco. Major gainers included Bosch and Lupin.
The Nifty gained 0.5 percent to 8,608 points right at the start, overcoming a major resistance level in initial trades. The Advance-Decline Ratio was at 41/9 with BPCL, Hindalco, State Bank of India, ahead of earnings, Tata Power and Powergrid figuring as top five gainers. Tata Motors, Grasim, ONGC, ICICI Bank and UltraTech were on the losers side on the Index.

Minor upticks were seen on broader indices as investors started the week on a firm note. The CNX 100, CNX 200, CNX Nifty Junior and CNX 500 Indexes showed decent gains in early deals. The Bank Nifty inched up 55 points in initial trades. Sectoral indices such asCNX Pharma, CNX PSU Bank and CNX Energy showed strong gains at the start of trade on the National Stock Exchange. All major indices were in the green.

And on the Bombay Stock Exchange, the Sensex rose 128 points to 28,364 points in initial trades on Monday. As a consequence, the Advance-Decline Ratio stood at 25/5. BHEL, Hindalco, State Bank, TCS and HDFC showed positive traction, while Coal India, ONGC and ITC were on the back foot on the index.

The screens wore a light shade of green in the futures and options market with Divi's Labs, Sun TV, REC Ltd and Indian Oil showing smart uptrend versus UCO Bank, JP Associates, JP Power and Dewan Housing slipping in early deals. The Advance-Decline Ratio, meanwhile, stood at 130/30.
The broader market, too, was dominated by the bulls in the first half hour of trade 1,059 with shares rising compared with 400 that fell.

Avanti Feeds, Punjab & Sind Bank and Divi's Labs made it to the volume buzzers list in early deals.
Image credit: Indiatimes

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