Kolkata: True to the mood lifters apparent on Monday morning, the Indian stock market opened in the green. Sensex 30 and Nifty 50 sailed past 82,500 and 25,100 respectively. At 9:15 am, Sensex stood at 82,561.47, up 372.48 points (or 0.45%), while Nifty 50 was trading at 25,124.00, up 120.95 points (or 0.48%). While the global cues were all positive, GIFT Nifty was trading in the green on Monday morning. The US indices too closed significantly up on Friday.
On the forex front, the Indian rupee rose 8 paise to touch 85.60 against the US Dollar on June 9. Significantly on June 6, the Indian rupee rose 11 paise against the greenback.
Friday witnessed a rush of adrenaline after RBI governor Sanjay Malhotra announced a 50 basis point cut in the Repo Rate. The market began surging from around 10:30 am when the announcement was made. At the end of the day, Sensex 30 rose 746.95 points higher at 82,188.99, while Nifty 50 jumped 252.15 points to close at 25,003.05. In the Sensex pack, Bajaj Finance (4.93%), Axis Bank (3.15%) and Maruti (2.64%) were the biggest gainers and Bharti Airtel (0.39%), Tata Steel (1.41%) and Sun Pharma (0.20%) were the major laggards. Out of the 4,156 stocks traded on BSE, 2,278 stocks advanced, 1,744 stocks declined and 134 remained unchanged.
Early gainers on NSE
According to NSE data, the major gainers in early trade on June 9 were OCCL, HYBIRDFIN, OCCLLTD, WEALTH, KREBSBIO, GROBTEA, SHANKARA, INFOBEAN, BALUFORGE, INFOMEADIA.
On Monday morning, the global indicators were positive for the investors. In the US market, on June 6 Dow Jones ended marginally in the red (down 0.10%), the gains of S&P500 (up 1.03%) and Nasdaq (up 1,20%) should be setting a positive mood. In the Asian region, on June 9, all major indices Nikkei, Hang Seng, Straits Times, Taiwan Weighted, KOSPI, Shanghai Composite, Djakarta Composite were trading in the green. GIFT Nifty was trading up 0.30%.
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As soon as trading began both the benchmark indices Sensex 30 and Nifty 50 surged ahead powered by the global cues and the positive sentiment unleashed by the RBI announcement on June 6 of a jumbo policy rate cut. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
