INDIAN EQUITY MARKET OUTLOOK - 4 Jan 2018

Sensex, Nifty, Midcap open mildly higher; ONGC, GAIL gain

Equity benchmarks started off trade on a positive note, with the Nifty hovering around 10,450 level.

The 30-share BSE Sensex was up 56.99 points at 33,850.37 and the 50-share NSE Nifty rose 16 points to 10,459.20.

ONGC , Axis Bank, L&T, GAIL, Sun Pharma, Dr Reddy's Labs and Adani Ports were early gainers.

Tata Motors, ICICI Bank, Yes Bank and Tech Mahindra were early losers.

Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores and would be eligible for variable pay of Rs 9.75 crores at the end of the 2018-2019 fiscal year, according to a top company executive.

"Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crores. He would be eligible for variable pay of Rs 9.75 crores at the end of the fiscal year," independent board member at Infosys Kiran Mazumdar Shaw told PTI here.

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