Stock markets open in the green, Nifty above 11,260

ANI
15 May 2019, 11:07 GMT+10

Mumbai (Maharashtra) [India], May 15 (ANI): Equity benchmark indices opened higher on Wednesday tracking cues from Asian peers.

At 10:15 am, the BSE SP Sensex was up 185 points at 37,503 while the Nifty 50 gained 45 points to 11,267.

At the National Stock Exchange, most sectoral indices were in the green during early hours. However, FMCG, media and PSU Bank were in the negative territory.

Among the gainers were Bharat Petroleum Corporation, Indian Oil, MahindraMahindra and HCL Tech.

But Jet Airways slipped to Rs 123.55 per share, down over 4 per cent, after four top executives resigned a day earlier.

The departure of Chief Executive Officer Vinay Dube, Chief Financial Officer Amit Agarwal, Company Secretary and Compliance Officer Kuldeep Sharma and Chief People Officer Rahul Taneja cast further doubts over the possible revival of the grounded airline.

The others which lost included Zee Entertainment, Yes Bank, power utility major NTPC, Indiabulls Housing Finance and Tata Motors.

Shares in Asia were led by strong gains in Chinese equities which rebounded after two days of losses.

Asian stocks moved up after US President Donald Trump's statement that he expected trade negotiations with China to be successful. Reports also said Beijing could release more economic stimulus to escalate growth. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.

More Information

null in null

Business

Section

Wall Street extends rally, Standard and Poor's 500 hits new high

NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...

Canadian tax on US tech giants dropped after Trump fury

WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...

Trump-backed crypto project gets $100 million boost from UAE fund

LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....

DIY weight-loss drug trend surges amid high prices, low access

SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....

Apple allows outside payment links under EU pressure

SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...

Euro, pound surge as U.S. rate cut odds grow after Powell hint

NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...

Sectors - Broadcasting

Section