Indian shares opened on a positive note Friday, tracking firm global cues and ahead of the RBI policy outcome later in the day, with many expecting the central bank to leave interest rates at record lows to support the economic recovery.
The benchmark 30-share BSE Sensex rose 210 points, or 0.4 percent, to 59,887 in early trade, while the broader NSE Nifty index was up 70 points, or 0.4 percent, at 17,860.
Tata Motors advanced 1.6 percent to extend gains from the previous session on reports it is in early talks with Ford to buy the latter’s units in Tamil Nadu and Gujarat.
Zee Entertainment Enterprises rose over 1 percent as the NCLAT gave the company reasonable time to file a response to Invesco’s plea for convening a special shareholders’ meeting.
Piramal Enterprises tumbled 3.4 percent after its board approved demerger of its pharma business.
TCS climbed 1.1 percent ahead of its second-quarter earnings results for FY22 due out later in the day.
JSW Energy was little changed. The company has signed a procurement contract with GE Renewable Energy to receive 810 megawatt (MW) of wind power turbines by the first quarter of FY23.
Sensex Up 210 Points In Early Trade; Nifty At 17,860
2021-10-08 04:19:49
