Sensex opened at 31,798, 110 points higher from the previous close on Friday evening. L&T, M&M, Coal India and Bajaj Auto registered gains of more than 1%.
The markets opened in the green on Monday morning, after tracking positive cues from Asian markets. The geopolitical tensions seem to have subsided from North Korea, and global investors appeared to be relieved. Earlier last week, the country test-fired a nuclear missile. Sensex opened at 31,798, 110 points higher from the previous close on Friday evening. L&T, M&M, Coal India and Bajaj Auto registered gains of more than 1%. Nifty was trading at 9,984, this morning higher by 48 points since the previous close. 40 shares saw gains, while 10 stocks were trading in the red in the index. Kotak Mahindra bank, VEDL, Eicher Motors and Hindalco were trading down by more than 0.5%.
On Friday, Sensex and Nifty just managed to close in green with little up surge in both the indices. However, the 30-share barometer has lost 204 points over the last week to 31,687.52 points from the last week’s Friday close of 31,892.23 points. Most of the regional shares were trading lower on Friday as worries about the damage from Hurricane Irma in the US and fears about ballistic missile launches and nuclear weapons in North Korea continued to weigh. Those fears seemed subdued this morning, as global investors were relieved that that was no fresh action taken by North Korea.
Bharat Financial Inclusion shares rose by more than 1.5% per cent after the lender entered into an exclusivity contract with IndusInd Bank for possible merger, according to CNBC TV18. IndusInd shares too gained by more than 0.8% and were trading at Rs 1,708.85 on Monday morning.