Sensex Opening Bell: Stock market starts trading on green mark; Sensex rises 140 points, Nifty near 26050
New Delhi| Trading in the domestic stock market started on a slow but green mark on Thursday. Sensex rose by 146.65 (0.17%) points to 85,316.52 in early trade. On the other hand, Nifty appeared to trade at 26,034.85, a strong 30.70 (0.12%) point.
Benchmark indices also opened higher before the minutes of the Federal Reserve’s policymakers meeting were released. These will also include comments from Fed Chairman Jerome Powell, which could give further hints on the outlook for interest rates in the US.
The Core Personal Consumption Expenditure (PCE) price index, the Fed’s preferred measure for measuring inflation-is also scheduled to be released Friday.
Sensex stocks including Maruti, Nestle India, Tata Motors, HCL Tech and Tech Mahindra opened with gains, while Power Grid, NTPC, Tata Steel, JSW Steel and Bajaj Finance declined.
Amongst the individual stocks, Ask Automotive fell more than 5% in early trading after there were reports that its promoters could sell up to 6.05% stake in the company via Offer for Sale (OFS) on 27-28 September.
