Sensex opens higher, Nifty eyes 10,100; Tech Mahindra surges 5%
Equity benchmarks opened moderately higher, with the Nifty inching towards 10,100 level as investors look for two-day monetary policy committee meeting that will being today.
The 30-share BSE Sensex was up 27.90 points at 32,542.84 and the 50-share NSE Nifty gained 13.20 points at 10,090.30.
Glenmark Pharma gained 1.6 percent but Biocon fell nearly 2 percent.
The Nifty Midcap was up 0.4 percent. About two shares advanced for every share falling on the NSE.
Share price of Sobha gained 3 percent in morning trade as the company is going to consider buyback of shares.
A meeting of the board of directors of the company is scheduled on August 04, to consider and take on record, the unaudited financial results of the company for the quarter ended June 30, 2017.
The board will also consider a proposal for buyback of equity shares of the company, for an aggregate amount up to Rs 62 crore.
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