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Markets open higher in early trade 16/11/2017

Markets open higher in early trade
16/11/2017 09:20

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The key domestic benchmark indices opened higher in the morning trading session tracking mixed trend across global peers.

The market may see stock specific movement in absence of any major development on the domestic or global front.

On the corporate front, stocks of Fortis Healthcare will remain in focus after the company said it would buy back the real estate assets from Religare Healthcare Trust (RHT) for Rs 4,650 crore.

At 09:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 32857.22 up by 96.78 points or by 0.30 per cent, while the NSE Nifty was at 10147 up by 29 points or by 0.29 per cent.

The top gainers of the BSE Sensex pack were Cipla Ltd. (Rs. 606.95,+2.25 per cent), NTPC Ltd. (Rs. 176.00,+1.18 per cent), Larsen & Toubro Ltd. (Rs. 1218.90,+0.92 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 2324.00,+0.73 per cent), ITC Ltd. (Rs. 254.20,+0.55 per cent), among others.

Meanwhile, Sun Pharmaceutical Industries Ltd. (Rs. 501.00,-0.80 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 406.05,-0.29 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 177.05,-0.17 per cent), Hero MotoCorp Ltd. (Rs. 3670.00,-0.15 per cent), Coal India Ltd. (Rs. 272.00,-0.15 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 920 shares traded, 666 shares advanced, 227 shares declined while 27 were unchanged.

On the global front, Asian stocks were trading mixed after Wall Street stumbled despite upbeat US economic news, while the Wall Street closed lower in the previous trading session as energy sector shares dropped for a fourth straight session, tracking crude prices.

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