Markets inch higher, RIL leads gains

The key benchmark indices were trading higher today led by advances in Reliance Industries. The Sensex was up 81 points at 17,103 levels and the Nifty rose 0.5 per cent to 5,078.
Buying interest was seen in most sectors and oil & gas, metals and auto stocks led the gains. The oil & gas index on the BSE rose 1 per cent and the BSE auto index advanced 0.9 per cent. The metal index also surged 0.7 per cent.

Among the Sensex stocks, RIL was the top gainer. The stock rose 1.6 per cent in early trades. The company has offered more than $12 billion in cash to acquire a majority stake in bankrupt international petrochemical group LyondellBasell Industries.

Grasim, ACC and Tata Motors were the biggest gainers in the group. The stocks were up over 1 per cent each.

Bharti Airtel, however, was the biggest loser in the pack. The stock shed 2.4 per cent.

Asian markets also rose moderately. Hong Kong’s Hang Seng rose 0.5 per cent and China’s Shanghai Composite was also in the green turf. Markets in Japan were, however, closed today.

sirfpaisa.com

Sensex opened at 35339.11 and it was up by (+78.82) points from its previous close. Market movements must be learned timely to decide using which approach traders should trade.