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Nifty above 10,900 mark; HDFC, Reliance Industries gain

On the sectoral front, except the FMCG index, all other indices were trading higher. Pharma, Realty, and Auto indices gained.
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Equity benchmark indices opened higher on Thursday’s session, with the Sensex gaining 88 points at 36,409. The Nifty rose 24 points to 10,914 led by HDFC, Reliance Industries, TCS, and M&M.

On the sectoral front, except the FMCG index, all other indices were trading higher. Pharma, Realty, and Auto indices gained.

The market breadth was positive with 906 shares advancing, 546 shares declining, and 585 remaining unchanged.

Indiabulls HF, JSW Steel, Infratel, Grasim, and HDFC were the top gainers on the Nifty50, while Bajaj Auto, UPL, Infosys, Hindalco, and HCL Tech were trading in the red.

Volatility index India VIX is up 0.87% to 16.21.

The most active stocks were Yes Bank, Jet AirwaysReliance IndustriesIndiabulls HF, Infosys, and RCOM.

The Indian rupee strengthened after depreciating in the last four trading sessions. It opened higher at 71.15/$ vs. the previous close 71.24/$.

Asian markets were trading flat despite a positive close on the Wall Street overnight and the UK government led by Prime Minister Theresa May survived a vote of no-confidence.
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