Markets open higher on firm global cues

Tata Motors, Vedanta, and Sun Pharma were among the top gainers, while Infosys, ZEEL, and UPL were the top losers.

Equity benchmark indices opened higher on Monday following positive global cues. The market sentiment was boosted after US President Donald Trump outlined the first phase of a deal to end the trade war with China and suspended a proposed tariff hike, though officials on both sides said much more work needed to be done.

The Indian rupee opened stronger by 14 paise at 70.88 per dollar vs. Friday's close 71.02/$.

The Sensex was up 61 points at 38,188 and the Nifty is up 32 points at 11,337. About 846 shares have advanced, 620 shares declined, and 597 shares are unchanged.

Tata Motors,, Vedanta, and Sun Pharma were among the top gainers, while Infosys, ZEEL, and UPL were the top losers.

Shares of Avenue Supermarts slipped 1% despite reporting a rise of 47.54% YoY in net profit to Rs322.63cr in Q2FY20.

IRCTC will make its stock market debut today.

On the economy front, the World Bank slashed its economic growth forecast for India to 6% for the current fiscal from its April projection of 7.5%, citing a broad-based and severe cyclical slowdown.

Meanwhile, oil prices steadied after jumping on reports an Iranian state-owned oil tanker had been attacked in the Red Sea.

Get more details here:

  Mcx Tips, Derivative-Free Trial, Intraday Stock tips
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.