Markets

Sensex, Nifty Rise On Firm Global Cues

(RTTNews) - Indian shares opened on a positive note Thursday, mirroring firm cues from Asia and Wall Street.

Meanwhile, according to the early trends of the counting of votes, Prime Minister Narendra Modi's BJP established an early lead in both Maharashtra and Haryana.

The benchmark S&P BSE Sensex climbed 145 points, or 0.37 percent to 39,203 in early trade, while the broader NSE Nifty index was up 32 points, or 0.27 percent at 11,635.

HeroMoto Corp shed 0.8 percent after its Q2 profit fell 10 percent from last year.

IT major HCL Technologies rallied 3.4 percent as it reported a 4.4 percent year-on-year jump in quarterly net profit.

Engineering and construction major Larsen & Toubro advanced 1.8 percent after posting a 6.83 percent year-on-year rise in Q2 profit.

Infosys was little changed amid speculation the company may part ways with CEO Salil Parekh if the evidence claimed by the whistleblowers substantiates the allegations.

Dr Reddy's Laboratories gained 0.7 percent after initiating a voluntary nationwide recall of an anti-ulcer drug from the U.S. market.

JSW Steel dropped half a percent after cutting its FY20 production guidance.

HDFC Life Insurance rose half a percent on reporting a 7.6 percent rise in Q2 profit.

HPCL fell 2 percent and Power Grid Corp declined half a percent after they got 'Maharatna' status.

Hexaware Technologies lost almost 4 percent despite reporting a 6.7 percent increase in Q2 profit.

MTNL soared 4.3 percent on the news the government will merge the ailing firm with BSNL.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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