Stocks gain marginally in early trading amid volatile trading

At 10:15 am, the BSE S&P Sensex was up 85 points at 39,614 while the Nifty 50 gained 31 points to 11,875. Except IT, metal and realty, all sectoral indices at the National Stock Exchange were in the negative zone.

Written by Newsroom Staff June 7, 2019 10:42

Mumbai: Equity benchmark indices gained marginally in volatile trading during early hours on Friday, a day after the Reserve Bank of India’s monetary policy cut interest rates marginally on expected lines.

At 10:15 am, the BSE S&P Sensex was up 85 points at 39,614 while the Nifty 50 gained 31 points to 11,875. Except IT, metal and realty, all sectoral indices at the National Stock Exchange were in the negative zone.

Sensex, BSE, Nifty, business news

At 10:15 am, the BSE S&P Sensex was up 11 points at 39,541 while the Nifty 50 gained 19 points to 11,863. Except IT, metal and realty, all sectoral indices at the National Stock Exchange were in the negative zone.

Among stocks, Dr Reddy dropped 2.7 per cent while pharma major Cipla was down 2.5 per cent. The other losers were IndusInd Bank, Maruti and Sun Pharma.

Sensex drops 155 points, Nifty closes 62 points down

However, Vedanta, Indiabulls Housing Finance, Bharti Infratel, State Bank of India and Sun Pharma showed marginal gains.

Meanwhile, Asian shares traded mixed as investors awaited a key US jobs report and the outcome of further tariff negotiations between the Trump administration and Mexico.

Sensex records all-time high

Shares in Japan and South Korea were little changed. Markets in Hong Kong and China are shut for holidays. Japan’s Nikkei firmed 0.3 per cent. (ANI)