LIVE: Sensex up over 50 points, Nifty above 8,700; Mindtree, Wipro down over 3%
9.15 am: The BSE Sensex opened 79.41 points, or 0.28 per cent, up at 28,156.59, while NSE Nifty opened 16.80 points up at 8,709.85.
PRE-MARKETS
Below are 6 things you should know before market opens on Monday:
1) SGX Nifty was trading 5.50 points up at 8708 in the morning trade, indicating a flat to positive start for domestic equity markets on Monday.
2) Asian peers, Hang Seng and Shanghai were trading higher by 0.12 per cent and 0.66 per cent, respectively, in the morning trade. However, Nikkei was almost flat at 17,185.13.
3) On Friday in Wall Street, the S&P 500 and the Dow were little changed and the Nasdaq advanced as a record day for Microsoft and earnings from McDonald’s helped offset a fall in energy and healthcare shares.
4) In currencies, the dollar index was steady at 98.657, not far from 98.813, its highest since February 3 struck on Friday.
5) Results Today: Adani Power, Axis Bank, Idea Cellular, Bharti Infratel, Rallis India and Thyrocare will announce their financial results for the quarter ended September 30, 2016 on Monday.
6) Shares of Wipro and Mindtree will remain in focus on Monday. Wipro on Friday after market house posted a 7.6 per cent drop in its second-quarter net profit and said it expects revenues in the ongoing quarter to be impacted by a “mixed demand environment”.
Mindtree posted a 37 per cent fall in consolidated net profit at Rs 94.8 crore in the September quarter, hurt by slower ramp-ups and cautious spending by some large clients across verticals.
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9.20 am: Sensex was trading 85.58 points up at 28162.76. Nifty was up 17.80 points at 8,710.85. In the Nifty 50 index, Axis Bank, Hindalco, Ambuja Cement, ACC and Cipla were down between 2.09 per cent and 2.70 per cent. On the other hand, Idea Cellular, Tech Mahindra, Tata Power, HCL Tech and Dr Reddy’s Labs were up between 1.39 per cent and 2.41 per cent.
9.15 am: The BSE Sensex opened 79.41 points, or 0.28 per cent, up at 28,156.59, while NSE Nifty opened 16.80 points up at 8,709.85.
PRE-MARKETS
Below are 6 things you should know before market opens on Monday:
1) SGX Nifty was trading 5.50 points up at 8708 in the morning trade, indicating a flat to positive start for domestic equity markets on Monday.
2) Asian peers, Hang Seng and Shanghai were trading higher by 0.12 per cent and 0.66 per cent, respectively, in the morning trade. However, Nikkei was almost flat at 17,185.13.
3) On Friday in Wall Street, the S&P 500 and the Dow were little changed and the Nasdaq advanced as a record day for Microsoft and earnings from McDonald’s helped offset a fall in energy and healthcare shares.
4) In currencies, the dollar index was steady at 98.657, not far from 98.813, its highest since February 3 struck on Friday.
5) Results Today: Adani Power, Axis Bank, Idea Cellular, Bharti Infratel, Rallis India and Thyrocare will announce their financial results for the quarter ended September 30, 2016 on Monday.
6) Shares of Wipro and Mindtree will remain in focus on Monday. Wipro on Friday after market house posted a 7.6 per cent drop in its second-quarter net profit and said it expects revenues in the ongoing quarter to be impacted by a “mixed demand environment”.
Mindtree posted a 37 per cent fall in consolidated net profit at Rs 94.8 crore in the September quarter, hurt by slower ramp-ups and cautious spending by some large clients across verticals.
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