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Sensex opens marginally higher, Nifty nears 11,500
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SME Times News Bureau | 17 Oct, 2019
Healthy inflow of Foreign Institutional Investment and supportive global
markets aided the Indian market to start in the green on Thursday.
The benchmark Sensex opened at 38,647.44, higher from its previous close of 38,598.99.
At 9.58 a.m., the Sensex was up 49.50 points at 38,648.49 while the Nifty50 traded 6 points higher at 11,470.05.
"Going
ahead we expect the broader market would witness catch up exercise and
outperform the benchmarks in coming sessions, as Nifty has already
rallied (400 points) over past six session," said ICICI Securities.
However
growth worries continue to cap gains. IMF had cut India's GDP growth
estimate for India to 6.1 per cent from 7 per cent projected earlier.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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84.35
|
82.60 |
UK Pound
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106.35
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102.90 |
Euro
|
92.50
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89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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