Stock markets open in the green, Nifty above 11,260

Fri, 24 May 2019

Stock markets open in the green, Nifty above 11,260

ANI
15 May 2019, 15:37 GMT+10

Mumbai (Maharashtra) [India], May 15 (ANI): Equity benchmark indices opened higher on Wednesday tracking cues from Asian peers.

At 10:15 am, the BSE SP Sensex was up 185 points at 37,503 while the Nifty 50 gained 45 points to 11,267.

At the National Stock Exchange, most sectoral indices were in the green during early hours. However, FMCG, media and PSU Bank were in the negative territory.

Among the gainers were Bharat Petroleum Corporation, Indian Oil, MahindraMahindra and HCL Tech.

But Jet Airways slipped to Rs 123.55 per share, down over 4 per cent, after four top executives resigned a day earlier.

The departure of Chief Executive Officer Vinay Dube, Chief Financial Officer Amit Agarwal, Company Secretary and Compliance Officer Kuldeep Sharma and Chief People Officer Rahul Taneja cast further doubts over the possible revival of the grounded airline.

The others which lost included Zee Entertainment, Yes Bank, power utility major NTPC, Indiabulls Housing Finance and Tata Motors.

Shares in Asia were led by strong gains in Chinese equities which rebounded after two days of losses.

Asian stocks moved up after US President Donald Trump's statement that he expected trade negotiations with China to be successful. Reports also said Beijing could release more economic stimulus to escalate growth. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Brazil Sun.

More Information

South America

Smiles for miles as Blitzboks get ready for London Sevens

Cape Town - All the teams in the World Rugby Sevens Series play to their own beat, but few would ...

UNHCR: People Fleeing Venezuela Need Protection, Must Not Be Deported

GENEVA - The U.N. refugee agency says the majority of Venezuelans fleeing worsening conditions in their country are in need ...

WHO Certifies Algeria, Argentina Free of Malaria

GENEVA - The World Health Organization has certified Algeria and Argentina as malaria-free, following three consecutive years where no new ...

PSG's Al-Khelaifi charged in Qatar athletics graft probe

Paris - Paris Saint-Germain chief Nasser Al-Khelaifi was on Thursday charged with corruption in the bidding process for this year's ...

Marler joins Barbarians squad to face England

London - Harlequins prop Joe Marler has joined the Barbarians squad, who will line up against England on June 2.The ...

Blitzboks wish Proteas well ahead of CWC

Cape Town - The Blitzboks have shown their support for the Proteas ahead of next week's Cricket World Cup in ...

Business

Wall Street joins world markets sell-off

NEW YORK, New York - U.S. stocks fell sharply on Thursday, joining a global sell-off which saw equity markets around ...

Train under development in China will reach speeds of 600kph

QINGDAO, China - A high-speed train capable of reaching speeds of 600 kilometers per hour (373 miles per hour) is ...

Asian stocks fall across the board

SYDNEY, Australia - Stocks were lower across the board in Asia on Thursday, while the U.S. dollar gained new ground.Japan's ...

India gets 3/4 billion dollar loan for railways track electrification

NEW DELHI, India - The Indian government is borrowing $750 million equivalent in Indian Rupees, in what will be the ...

Stalling of trade talks weighs on Wall Street

NEW YORK, New York - The U.S. stock markets were largely unchanged on Wednesday, although all the major indices recorded ...

Irish Trade Minister warns businesses to prepare for no deal Brexit

DUBLIN, Ireland - The Irish deputy leader has briefed the cabinet on the risks to Ireland of a no-deal Brexit ...

Movie Review

Jabberwocky [Blu-Ray]