Sensex, Nifty open slightly higher; NTPC, TATA Steel, YES Bank, SBI top gainers

The Indian stock markets today opened slightly higher. BSE Sensex opened at 39,536.23 points against the previous day's close of 39,434.72 points. 

Sensex, Nifty open slightly higher; NTPC, TATA Steel, YES Bank, SBI top gainers
The broader market was mostly flat after the opening. NSE's Nifty too was flat at 11,861.95 points, up just 17.85 points. Image source: PTI
Written By: ZeeBiz WebTeam
Updated: Mon, May 27, 2019
09:59 am
ZeeBiz WebDesk
RELATED NEWS
Sensex ends above 49,500, metal stocks surge - Check top gainers and losers Sensex ends above 49,500, metal stocks surge - Check top gainers and losers
Income Tax: Worried about taxation on your Stock Market gains, dividends, investment, transactions? EVERYTHING EXPLAINED HERE Income Tax: Worried about taxation on your Stock Market gains, dividends, investment, transactions? EVERYTHING EXPLAINED HERE
BIG relief! On last day of series, Sensex reclaims 50,000-mark and Nifty over 15,000 BIG relief! On last day of series, Sensex reclaims 50,000-mark and Nifty over 15,000
Vaccine cheer: Pharma stocks hit new life-time highs, RPG Lifesciences, Panacea, Cadila surge the most Vaccine cheer: Pharma stocks hit new life-time highs, RPG Lifesciences, Panacea, Cadila surge the most
Markets hit by Covid-19 fears, Sensex plummets 1200 points, Nifty below 14300 Markets hit by Covid-19 fears, Sensex plummets 1200 points, Nifty below 14300

The Indian stock markets today opened slightly higher. BSE Sensex opened at 39,536.23 points against the previous day's close of 39,434.72 points. Amid global developments to trade and March quarter corporate results, investors were cautious. The broader market was mostly flat after the opening. NSE's Nifty too was flat at 11,861.95 points, up just 17.85 points. In the benchmark Nifty index, 27 stocks gained and 23 declined at 9:32 am, indicating a flat trend. 

NTPC, TATA Steel, YES Bank, SBI, M&M, L&T, PowerGrid, ITC, HDFC Bank, Maruti, HDFC, are the top gainers, among other stocks on the BSE. Baja Auto, HeroMotoCorp, Sun Pharma, are among the losers on the BSE.  Bharti Airtel, IndusInd Bank, Tata Motors, Asian Paints, ONGC and Sun Pharma fell as much as 1.63 percent at 9: 45 am.

However, most of the Nifty Sectoral indices were in the green except IT, media and pharma. Bank Nifty was 0.57 points up at 9: 39 am. Sensex rose 623 points and closed at 39,435 on Friday. Broader Nifty50 gained 187 points to settle at 11,844.
 
On Monday, oil prices went up after supply cuts led by OPEC which kept markets tight. According to Reuters report, Brent crude futures were at $69.10 per barrel at 6 am, up 0.6 per cent, over the previous close.  Indian rupees also today buoyant. The rupee opened at 69.41/$ on Monday. Rupee was closed at 69.52 against the US dollar on Friday.
 
Early on Monday, Asian stocks witnessed upward move. MSCI’s index of Asia-Pacific shares outside Japan gained 0.1 percent. Japan’s Nikkei rose over 0.2 percent.  With Dow Jones gaining 95 points to close at 25,586 and the S&P500 gaining points at 2,826 levels, US stocks gained about 0.3 percent on Friday. 

Provisional data available with stock exchanges showed that following the election victory of Narendra Modi-led NDA in the Lok Sabah elections, foreign institutional investors pour in funds worth Rs 2,026.33 crore in the equity market on Friday. However, domestic institutional investors sold shares worth Rs 195.35 crore. 

 

 

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.