May 17, 2021

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Sensex Up 200 Points In Early Trade; Nifty Gains 70 Points

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Indian shares opened on a positive note Wednesday despite weak global cues.

The benchmark S&P BSE Sensex edged up 200 points, or 0.4 percent, to 48,452 in early trade, while the broader NSE Nifty index was up 70 points, or half a percent, at 14,566.

Reserve Bank of India Governor Shaktikanta Das will make an unscheduled statement at 10 a.m. today.

Morepen Laboratories lost 5 percent, a day after posting a two-fold jump in Q4 profit.

Adani Ports tumbled 3.4 percent despite reporting a sharp jump in its March quarter net profit.

L&T Infotech gained about 1 percent on reporting a 5 percent rise in quarterly profit.

RBL Bank edged up 0.7 percent despite posting a 34 percent fall in its March quarter profit.

Adani Total Gas was little changed as it reported a 19 percent rise in quarterly profit.

InterGlobe Aviation advanced 1.6 percent on fund raising reports.

Ambuja Cements rose over 1 percent after LIC increased its stake in the company.

Bharti Airtel and Vodafone Idea rose over 1 percent as the government gave permissions to telecom service providers for conducting trials for use and applications of 5G technology.

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2021-05-05 00:32:33

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