Sensex opens mildly higher, Nifty above 9,850; Infosys gains further
Equity benchmarks opened moderately higher amid mixed Asian cues on Thursday.
The 30-share BSE Sensex was up 44.21 points at 31,612.22 and the 50-share NSE Nifty rose 12.25 points to 9,864.75.
Infosys, ITC, TCS, Reliance Industries, L&T, Sun Pharma, Lupin and M&M gained while HDFC Bank, Maruti Suzuki, Kotak Mahindra Bank, HUL, Bajaj Auto and SBI were under pressure.
Nifty Midcap was up 0.2 percent.
SREI Infrastructure shares gained 3.5 percent as Bharat Road Network IPO will open from September 6-8.
Shares of Alembic Pharmaceuticals gained 3 percent in the early trade as it has sold its formulations manufacturing facility at Baddi.
The company has sold its formulations manufacturing facility at Baddi on slump sale basis to Scott Edil Pharmacia (SEPL), a company engaged in the business of pharmaceuticals products.
Infosys is in initial stages to appoint selection panel to oversee selection. The panel, which aims to complete process within 4 months, is also in charge of overviewing board composition.
Search panel may have founders, board members & independent business leaders, sources said.
Its 10 key clients expressed their concern in writing on what lies ahead in terms of operations. They sought clarity on CEO succession & operational changes and also sought clarity on issue with founders and the way forward.
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