Markets open higher; Nifty Bank hits 32K mark

Indian equity indices traded slightly higher on Thursday hitting new record highs. Nifty Bank hit the 32,000 mark for the first time.

The Sensex is trading higher by 58 points at 41,078, and the Nifty was up 15.40 points at 12,116 (9.21 AM).

Sectorally, Nifty Bank, Pharma, and IT indices led gainers, while Auto, FMCG, and Media were the key laggards.

Bharti Infratel, UPL, and Cipla were the top gainers on the indices, while ZEEL, Vedanta, and Tata Motors were the top losers. Shares of ZEEL traded lower by 3% after three directors of the company resigned.

In IPO news, the Ujjivan Small Finance Bank IPO will open on Dec 2, with the price band set at Rs36-37/share. Reports said that SBI Cards has also filed for an IPO.

The Indian rupee opened higher at 71.32/$ on Thursday vs. its previous close of 71.35/$.

The yen rose against the dollar after US President Donald Trump signed law support for anti-government protesters in Hong Kong, which could be a sticking point in signing the US-China trade deal.

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