The Sensex tested the 33,000 level
in opening trade today after some value-buying in select
stocks despite retail inflation rising to 7-month high in
October.
The rupee's modest recovery against the dollar and a
mixed global trend were the other deciders.
Retail or CPI inflation rose to 7-month high of 3.58 per
cent in October, driven up by costlier food items,
particularly vegetables.
The rupee was trading higher by 13 paise to 65.29 against
the American currency at the forex market today.
The 30-share barometer bounced by 81.98 points, or 0.25
per cent, to 33,115.54. Auto, power, consumer durables, FMCG
and realty jumped by up to 0.52 per cent.
The gauge had lost 281 points in the previous session.
The NSE index Nifty too was trading higher by 21.70
points, or 0.21 per cent, at 10,246.65.
The big gainers included NTPC, Reliance Industries, M&M,
Kotak Bank, Maruti Suzuki and Lupin, adding up to 1.61 per
cent.
Japan's Nikkei rose 0.27 per cent and Hong Kong's Hang
Seng 0.19 per cent in early trade. China's Shanghai Composite,
however, shed 0.38 per cent.
The US Dow Jones Industrial Average had closed 0.07 per
cent higher yesterday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Tata Power Q4 Results Preview: Tata group electricity generator likely to clock 22% PAT jump, 193 bps margin improvement
Gold and Silver rate today (May 7, 2024): Precious metals subdued; yellow metal above Rs 71,300; white metal above Rs 82,850
Aadhar Housing Finance IPO: Check Anil Singhvi's view on Rs 3,000 crore issue | Subscription, allotment dates and other details
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
09:58 AM IST