Sensex opens marginally higher, Nifty nears 11,500
Mumbai
17-October-2019
Healthy inflow of Foreign Institutional Investment and supportive global markets aided the Indian market to start in the green on Thursday.
The benchmark Sensex opened at 38,647.44, higher from its previous close of 38,598.99.
At 9.58 a.m., the Sensex was up 49.50 points at 38,648.49 while the Nifty50 traded 6 points higher at 11,470.05.
"Going ahead we expect the broader market would witness catch up exercise and outperform the benchmarks in coming sessions, as Nifty has already rallied (400 points) over past six session," said ICICI Securities.
However growth worries continue to cap gains. IMF had cut India's GDP growth estimate for India to 6.1 per cent from 7 per cent projected earlier.IANS
More Headlines
IIM Grad and First-Generation Entrepreneur Anish Popli's ProcMart Secures Rs 250 Crore in Series B Funding
First Indian Space Tourist Talks Dreams and Inspiration Before Blue Origin Flight
Former MLA Rathod Bapu Rao Switches from BJP to Congress in Telangana
Zerodha Co-Founder Nikhil Kamath Launches 'WTFund' to Support Young Entrepreneurs
Firing At Salman Khan’s Mumbai Residence: Delhi Police Launch Probe
IIM Grad and First-Generation Entrepreneur Anish Popli's ProcMart Secures Rs 250 Crore in Series B Funding
First Indian Space Tourist Talks Dreams and Inspiration Before Blue Origin Flight
Former MLA Rathod Bapu Rao Switches from BJP to Congress in Telangana
Zerodha Co-Founder Nikhil Kamath Launches 'WTFund' to Support Young Entrepreneurs
Firing At Salman Khan’s Mumbai Residence: Delhi Police Launch Probe