Key Indian equity markets open in green ahead of RIL results

Key highlights

• BSE Sensex crossed 32,000 mark.
• NSE Nifty 50 opened 20 points higher at 9920.20 points
• Shares of RIL were up 0.92% trading at Rs 1547.60 per share.

The Indian stock market on Thursday opened in green ahead of market heavy-weight Reliance Industries Ltd results.
 
BSE Sensex crossed the 32,000 mark, opening at 32,023 points while the 50-scrip index was trading at 9920.20 points.

At 0921 hours, Sensex was trading up 93.34 points or 0.29% at 32,048.69 while Nifty 50 was at 9,917.65; up by 18.05 points or 0.18%.

The oil-to-telecom major, RIL’s shares were trading up 14.10 points or 0.92% higher at Rs 1547.60 per share on BSE Sensex.

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On July 17, Sensex surged to new heights to ended 54.03 points higher, or 0.17% at 32,131.92 points. National Stock Exchange’s Nifty 50 closed above the 9900 level for the first time.

The market capitalisation of RIL on Monday crossed Rs 5 lakh crore as the shares of the company hit 52-week high. RIL shares closed at Rs 1549 per piece, up 1.33% or Rs 20.30 on BSE.

On Tuesday however, the massive plunge in shares of ITC on the back of increase in cess on cigarettes caused Sensex to log biggest losses in eight months, a report by Economic Times said. Sensex closed 363.79 points lower while Nifty ended 88.80 points down.

Today at market open, the top five gainers on BSE Sensex were Sterlite Technologies LTD (7.52%), Just Dial that announced consideration of buyback of equity shares (3.82%), Future Consumer (3.51%), Unitech (3.20%) and Renuka (3.13%).

While the losers in early trade were Videocon Industries (4.97%), Hindustan Petroleum Corporation (3.83%), Canara Bank (3.23%), MindTree (2.27%) and KPIT Technologies Limited (1.76%).