Key Indian equity market opens low

Sensex, Nifty hit new peaks

The major gainers of the day were ITC (5.02%), Hindustan Unilever (2.38%), State Bank of India (1.83%), Bharti Airtel (1.66%), Power Grid (1.51%), Axis Bank (1.47%), Coal India (1.46%) and NTPC (1.17%).

Indian share benchmark Sensex hit an all-time high while Nifty regained 9,500-level in intra-day trade on Friday after the Centre and states agreed to keep goods and services tax (GST) rates lower for most goods including daily consumer items, metals and manufacturing goods. In the Eurozone, Paris CAC was up 0.78 per cent, while Frankfurt's DAX 40 rose 0.42 per cent in early deals. The BSE mid-cap index fell 0.72 per cent and small-cap index declined 0.87 per cent.

Key Asian indices in China, Japan and South Korea ended higher by 0.20 per cent to 0.74 per cent, while indices in Hong Kong, Singapore and Taiwan fell 0.05 per cent to 1.12 per cent. Back home, SBI shares gained 1.72 per cent after the net profit of the country's largest lender more than doubled to Rs 2,814.82 crore for the March quarter.

China's Shanghai Composite index was quoting in red, down by 0.18 per cent.


All sectoral indices flashed red, down by up to 1.19 per cent, with realty, consumer durables, bank and auto registering much losses. Gross non-performing assets as a percentage of total advances are likely to come in at 7.1 per cent compared with 7.2 per cent in the previous quarter. On the other hand, Asian Paints, Infosys, Wipro, TCS and Indiabulls Housing Finance were among the laggards.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 56.30 points or 0.60 per cent higher at 9,485.75 points.

"Trading members are requested to note that futures and options contracts (F&O) for five underlying securities shall be available for trading in the equity derivatives segment with effect from May 26, 2017", the BSE said in a circular today. The US Dow Jones Industrial Average ended 0.3% higher on Thursday.

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