Key benchmark indices registered gains in early morning trade. The BSE Sensex trading at 29741.56 up 155.71 points (0.32%) and NSE Nifty at 9183.25 up 29.55points(0.53%). Nifty scaled a fresh record high. Metal and power stocks gained in early trade.
The Market breadth indicating the overall health of the market is negative .On NSE there are 17 shares in advance where 34 shares in decline. Total Unchanged 0 share.
A Parliamentary panel has suggested merger of state-run telecom firms BSNL and MTNL for their long-term survival
ITC surged 4 percent after brokerages are upbeat on the stock. TCS, Asian Paints, Wipro, Lupin, M&M, Power Grid and Tata Steel were other early gainers while L&T, GAIL, Tech Mahindra, BPCL and HDFC were under pressure.
The Indian rupee opened marginally lower by 3 paise at 65.45 on Thursday as previous close of 65.41 against the US Dollar.