Thursday, 2 February 2017

Research Infotech Morning Update - Sensex, Nifty Sluggish in Opening; ICICI falls, Sun TV Soars 20%

The 30-share BSE Sensex was down 36.47 points at 28190.14 and the 50-share NSE Nifty fell 12.20 points to 8722.05. 
Infosys, HDFC, ICICI Bank, Adani Ports, Maruti Suzuki, IndusInd Bank and ACC were losers in early trade while Axis Bank, ONGC, Sun Pharma, GAIL, Coal India, Idea Cellular, Bharti Infratel, Tata Power, Tech Mahindra and Aurobindo Pharma gained. Sun TV Network surged 20 percent in opening after Special 2G court cleared charges against former Telecom Minister Dayanidhi Maran and his brother & head of the company Kalanidhi Maran, in Aircel-Maxis case. It is a significant positive for the company as this case was the biggest overhang. 
The Indian Rupee opened marginally higher at 67.35 per dollar versus 67.37 Thursday. 
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