Markets open on a positive note; Sensex nears 40k mark - Highlight Investment Research

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Monday 3 June 2019

Markets open on a positive note; Sensex nears 40k mark

Equity benchmark indices opened with a positive bias on Monday. Nifty is around the 12,000-mark while the Sensex is up 200 points and near the 40k mark. Major contributors to the Sensex were HDFC twins, HUL, ICICI Bank and Asian Paints among others in the early morning trade.
 

Among the sectoral indices, Nifty FMCG gained by 1% followed by Nifty Nifty Bank, Media and Metals, while Nifty Auto, IT, Pharma and PSU Banks were trading in the red.

 

Shares of Oil Marketing companies (OMCs) were trading in the green on Monday after international benchmark for crude oil prices Brent and WTI, slumped below its key level of $61/bbl and $53/bbl, respectively.

 

Accordingly, shares of Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOCL), and Bharat Petroleum Corporation (BPCL) rose 2% each.

 

Hero MotoCorp, Asian Paints and Britannia are among the top Nifty gainers, while Tech Mahindra, ONGC and Tata Motors are among the top losers.

 

The most active stocks on the NSE are HDFC, Maruti and Just Dial.

 

Volatility Index, India VIX is marginally down by 0.40% at 16.

 

NIFTY FUTURE TIPS

 

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