Market opens in green
Mumbai -- Strong Asian markets and low international prices lead to opening of market in green territory. Index heavy weights like Dr Reddy’s Labs, Ranbaxy, Reliance Industries, Infosys and ONGC are trading well. In the morning trading session, the BSE 30-share Sensex has gained by 73 points at 11967 and NSE 50-share Nifty is up by 19 points to 3474. Britannia, OBC, Tata Tea, HCL Tech, Tata Chemical, Dr Reddy’s Labs and MTNL are the major gainers among the 50-scrips of Nifty.
Asian stock markets achieved momentum due to unexpected drop in US fuel inventories lifted oil prices from five-month lows. The Nikkei in Tokyo shot up by over 200 points to 15,956 but the Hang Seng in Hong Kong was down 6 points at 17,203.
After getting the approval from USFDA for its vaccine, Lupin has got a favorable push. The drug company rallied by 1.7% to Rs.477 after the company received an approval from the US Food & Drug Administration to retail ceftriaxone injection, an antibiotic in the U.S. The scrip has touched a high of Rs.478 and a low of Rs.474 and has recorded volumes of over 5,000 shares on NSE.
Satyam Computer has gained by 2.6% to Rs.823 after the company set up a SAP training academy as part of an agreement with SAP India. The scrip has touched a high of Rs.825 and a low of Rs.806 and has recorded volumes of over 6,00,000 shares on NSE.
On contrary, Hindustan Zinc has plunged by 0.4% to Rs.596. The company has left their lead prices unchanged at Rs.69700. The scrip has touched a high of Rs.598 and a low of Rs.586 and has recorded volumes of over 1,00,000 shares on NSE.
