Sensex opened with a positive gap of 336 points at 60,620 and was quoted at 60,505 while Nifty up 83 points at 18,075
Published On: Wednesday, October 13, 2021 | By: Team KnowMyStock
The Indian markets opened on a positive note today (13th Oct.2021), with benchmark indices scaling new peaks in opening trades, on the back of better-than-expected CPI September Inflation and August Industrial Output data. The headline inflation dropped to a 8-month low at 4.35 per cent, while the IIP grew at 11.9 per cent. The BSE Sensex opened with a positive gap of 336 points at 60,620, and was quoted at 60,505 at 09:17 AM. The NSE Nifty touched a high of 18,099 in opening deals, and was up 83 points at 18,075. Tata Motors zoomed 15 per cent to Rs 483.90 on the BSE after the company secured funding up to Rs 7,500 crore from TPG for its electric vehicle arm. This is the first major fundraising by an Indian carmaker to push mobility.
Mahindra & Mahindra was the major gainer among the Sensex 30 stocks, up 1.8 per cent at Rs 906. Tech Mahindra, Asian Paints and Kotak Mahindra Bank were the other prominent gainers. On the other hand, Tata Steel and Hindustan Unilever were the marginal losers.
Asian stocks were mixed, with Japan’s Topix index down 0.3 per cent while Australia’s S&P/ASX 200 Index added 0.1 per cent and South Korea's Kospi rose 1.1 per cent. SGX Nifty, meanwhile, was up 51 points at 18,056 levels at 8:10 AM. In contrast, Dow Jones declined 0.34 per cent, S&P500 lost 0.24 per cent and Nasdaq Composite shed 0.14 per cent in the overnight session as investors grew more jittery in the run-up to third-quarter earnings
Tags: Indian benchmark indices broader markets Tata Motors Mahindra & Mahindra Hindustan Unilever Asian stocks
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