Equity Tips

header ads

Nifty above 11,850 mark ahead of June F&O expiry; Coffee Day Enterprises soars 4%

Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.

Equity benchmark indices opened higher on Thursday, despite muted global trends ahead of June F&O expiry due later today and G20 meet.

The Sensex rose 76 points at 39,674, while the Nifty was up 25 points to trade at 11,872 levels. Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.

Shares of Aster DM Healthcare jumped 5% after True North Fund sold 3.74cr shares or 7.4% equity in the company at Rs120 each.

Shares of Coffee Day Enterprises soared 4% after media reports said that Coca-Cola has entered exclusive talks to pick up a significant stake in the company.

Infratel, BPCL, Tata Motors, and Indiabulls Housing are among top gainers on the Nifty, while Tech Mahindra, Sun Pharma, Dr. Reddy’s were under pressure.

Meanwhile, the US President Donald Trump indicated optimism on Wednesday for a trade agreement with China but said he is still considering imposing tariffs on all Chinese imports, according to the media reports.

Oil prices declined as investors await OPEC meeting to be held to decide on the extension of output cuts. Brent crude futures were trading down 44 cents at $66.05, while the US West Texas Intermediate (WTI) crude futures were down 41 cents at $58.97.

The Indian Rupee opened lower at 69.26 per dollar against the previous close of 69.15 per dollar on Thursday.

The Volatility gauge, India VIX was down 0.49% at 14.67.

The most active stocks on the NSE are SBI Life, DHFL and Reliance.

Get more details here:
Call on:9977499927
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

Post a Comment