Indian share markets have started the New Year on a positive note, with Sensex Nifty hitting above 14000 mark. At 9.40 am, The S&P BSE Sensex traded 133 points higher at 47,884 while the NSE Nifty 50 index stood at 14018 mark up by 36 points
Most of the sectoral indices have opened flat to a positive note. The Nifty PSU Bank index, which had its worst year since 2015, has opened 0.3% higher while Nifty I.T., Media and Auto indices have opened with gains of 0.2% each. Broader markets have also opened with a positive bias. The midcap index is up a quarter of a percent while the Smallcap index is up 0.3%.
Top gainers in early trade include Mahindra and Mahindra, TCS, UPL, ONGC and Shree Cements while losers include Sun Pharma, Hindalco, SBI Life, HDFC and Titan.
Among stock in focus, Auto stocks will be watched out, as Ford and Mahindra called off their auto Joint Venture.
Antony Waste Initial Public offering which was the last one to hit the primary market street is expected to list with decent gains over and above the issue price as indicated by its grey market premium.
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