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Equity benchmark indices opened higher on Monday after RBI said it will buy Rs10,000cr of debt via open market operation next week. All the sectors were trading in the green except pharma index. The Nifty PSU Bank index gained over 1%.
At 10:21 AM, the BSE Sensex was trading at 35,020, up 105 points, while the Nifty50 index was trading at 10,648, up 29 points.
BASF stock fell 5% after the company reported March quarter earnings. EBITDA or operating profit declined 18% to Rs100cr.
Hindalco (+2.4%), Bajaj Auto (+1.7%), Bharti Airtel (+1.7%), Vedanta (+1.5%) and Axis Bank (+1.4%) were the top gainers on Nifty50.
Lupin (-3.7%), Sun Pharma (-1.9%), Dr Reddy’s (-1.8%), HPCL (-1.6%) and Cipla (-1.6%) were the top losers in today’s trade.
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