Sensex opens up 100 pts, Nifty above 10,750 as BJP forms govt in Karnataka

More than 60 companies are declaring their results for quarter ended March later today.

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The 30-share BSE Sensex is off its opening high, rising 51.85 points to 35,439.73 while the 50-share NSE Nifty gained 18.70 points at 10,759.80.

The market breadth was positive as about two shares gained for every share falling on the BSE.

The 30-share BSE Sensex was up 112.77 points at 35,500.65 and the 50-share NSE Nifty gained 29.90 points at 10,771.

Tata Steel, Vedanta, TCS, Wipro, Tata Motors, ITC and SBI were early gainers while Cipla, HPCL, BPCL and Lupin were losers.

Nifty Midcap was up 0.3 percent.

Divis Labs, Transport Corporation, Future Consumer, Future Enterprises, Colgate, Parag Milk Foods, JK Lakshmi Cement, BEML, Jyothy Labs, HEG and Delta Corp gained up to 5 percent.

TVS Motor, Muthoot Finance, Brigade Enterprises, Punjab & Sind Bank, Muthoot Finance, Century Plyboards and Career Point fell up to 10 percent.

Tata Steel, JSW Steel and Delta Corp gained more than a percent each.

The 30-share BSE Sensex was up 144.41 points at 35,532.29 and the 50-share NSE Nifty gained 19.70 points at 10,760.80.

Infosys gained a percent while BPCL was down half a percent.

BEML rallied 8 percent while Karur Vysya Bank was down 3 percent. TVS Motor fell 5 percent.

On the global front, Asian stocks were narrowly mixed, shrugging off the firmer close on Wall Street as the yield on the US 10-year Treasury stayed above 3 percent, reports CNBC.

US stocks rose on Wednesday as retail shares jumped on the back of strong quarterly earnings from retailer Macy’s.

The Dow Jones industrial average closed 62.52 points higher at 24,768.93. The S&P 500 gained 0.4 percent to 2,722.46 and the Nasdaq composite advanced 0.6 percent to 7,398.30, reports CNBC.

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