Home Economy Indian markets open well ignoring weak global cues

Indian markets open well ignoring weak global cues

By IANS

Mumbai : Fears of a poor opening here Monday were belied and Indian markets ignored weak global cues despite European markets closing on a negative note Friday.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 20,918.23 points, up 0.46 percent and marked a high of 20,985.62. It has, however, come down to 20,750.06 points, down 0.37 percent on early trades.

The top gainers in the morning session were Jay Ushin, quoting at Rs.111.75, up 19.95 percent, Damodar Thread at Rs.62.80, up 19.73 percent and Godavari Fertilisers at Rs.193.00, up 17.61 percent.

In the Sensex pack, the top turnover scrips are Jaiprakash Associates Ltd at Rs.400 million, Reliance Communications Ltd at Rs.370 million, Bharti Airtel Ltd at Rs.340 million, Reliance Petroleum at Rs.337 million and Reliance Industries at Rs.325 million.

The S&P CNX Nifty index of the National Stock Exchange (NSE) opened at 6,208.80, up 0.13 percent and marked a high of 6,244.15 points. It hovered at 6,193.90 points, down 0.10 percent on early trades.

The top turnover scrips included Reliance Natural Resources, Jaiprakash Associates, Reliance Energy, Reliance Industries and ICICI Bank.