NSE crosses 8600; Tata Motors' shares up ahead of Q1 results

The rupee firmed up 7 paise to 66.98 against the dollar in early trade on increased selling of the US currency by exporters and banks.

NSE crosses 8600; Tata Motors' shares up ahead of Q1 results
The BSE Sensex opened 84.81 points up, or 0.30% at 27,920.72 while NSE Nifty touched 8600-mark. Photo: IANS
By ZeeBiz WebTeam
Updated: Fri, Aug 26, 2016
11:34 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Closing Bell: Sensex, Nifty trade sideways on looming Fed meet; Indiabulls Real Estate, Infosys, Rolta India, LTI stocks gain Closing Bell: Sensex, Nifty trade sideways on looming Fed meet; Indiabulls Real Estate, Infosys, Rolta India, LTI stocks gain
Opening Bell: Sensex, Nifty trade tepid on mixed global cues; RIL bleeds, RCom, SpiceJet stocks gain Opening Bell: Sensex, Nifty trade tepid on mixed global cues; RIL bleeds, RCom, SpiceJet stocks gain
Anil Singhvi’s Strategy March 20: Midcap Private Banks are Positive; Buy SpiceJet Cash with stop loss 77 Anil Singhvi’s Strategy March 20: Midcap Private Banks are Positive; Buy SpiceJet Cash with stop loss 77
Goldman Sachs sees Nifty at 12,500-mark in 12 months - What all research note predicts, reveals Goldman Sachs sees Nifty at 12,500-mark in 12 months - What all research note predicts, reveals
Holi Fest at Dalal Street: FII fuels Sensex, Nifty rally for sixth straight session; RCom, RIL, L&T Infotech stocks gain Holi Fest at Dalal Street: FII fuels Sensex, Nifty rally for sixth straight session; RCom, RIL, L&T Infotech stocks gain

Indian equity markets opened in green on Friday giving a positive start to September derivatives series.

The BSE Sensex opened 84.81 points up, or 0.30% at 27,920.72 while NSE Nifty touched 8600-mark. At 0958 hours, Sensex was at 27,884, up 48.17 points, or 0.17% and Nifty was trading at 8,601.55, up 9.35 points, or 0.11%.

On 30-share benchmark, among the top gainers were Tata Motors (1.65%), Cipla (1.47%), Lupin (0.75%), Mahindra & Mahindra (0.69%) and Hero MotoCorp (0.64%). Among the losers were Adani Ports (-2.21%), Wipro (-0.95%), Asian Paints (0.73%), Larsen & Toubro (0.65%) and Bharti Airtel (0.32%).

The shares of Tata Motors will be in focus today as the company will announce its earnings for the quarter ended on June 30, 2016. During early session, the shares of the company were trading at Rs 502.10 per piece, up 1.69%, or Rs 8.35 on BSE.

Further, the rupee firmed up 7 paise to 66.98 against the dollar in early trade on increased selling of the US currency by exporters and banks.

On the global front, Asian stocks tracked an overnight dip on Wall Street and edged down early in the session, while geopolitical tensions helped shore up crude oil prices, a Reuters report said.

As per the report, the investors are cautious ahead of a speech by Federal Reserve Chair Janet Yellen`s speech at the annual gathering of central bankers in Jackson Hole, Wyoming, limited movements across global markets on Friday.

MSCI`s broadest index of Asia-Pacific shares outside Japan lost 0.2%. Japan`s Nikkei fell 0.4% and South Korea`s Kospi dropped 0.3%.