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BSE Sensex rises 50 points in opening trade

The 30-share benchmark index BSE Sensex rose 50.25 points to 19,625.89 in early trade.

Written by Fe Bureau | New Delhi | May 6, 2013 9:25:49 am

The 30-share benchmark index BSE Sensex rose 50.25 points to 19,625.89 in early trade today.

Shares of HCL Tech,Suzlon Energy,Hindalco Power and TCS were trading in green zone while JP Associates,Yes Bank and HDFC Bank were among the losers in the opening trade.

Sensex had closed 160.13 points or 0.81% down to 19575.64 on Friday.

NSE Nifty,too,rose by 9.95 points,or 0.17 per cent,to 5,953.95 in opening trade.

Indian stocks to watch-May 6

(Reuters): GLOBAL MARKETS ROUNDUP

Nifty futures on the Singapore Exchange is 0.55 percent up and the MSCI-Asia Pacific index excluding Japan is 0.98 percent higher.

Asian stocks rose on Monday as investors gave the thumbs up to an upbeat U.S. labour force report that sent Wall Street to an all-time closing high last week,while the dollar held its ground against the yen.

The Dow and S&P 500 advanced to all-time closing highs on Friday,with major indexes jumping 1 percent after an unexpectedly strong April jobs report eased concerns about an economic slowdown.

FACTORS TO WATCH

Independent news site Cobrapost to screen a film and hold a press conference in New Delhi on its investigation into money laundering in the Indian financial sector.

India central bank officials to hold post-policy teleconference with researchers/analysts. (0900 GMT)

India’s Adani Power posts its Q4 results,which are expected to show a loss of 3.4 billion rupees,their sixth straight quarterly loss.

India’s Titan Industries Jan-March net up 28.47 pct.

India’s ACC Jan-March net up nearly three fold.

Lanco to invest A$1bn in Griffin Coal.

RIL to quit 3 oil,gas blocks.

Reliance Communications to raise call rates in discounted plans.

RIL may get nod this month to invest $1.452 bn in Cauvery basin.

India’s NALCO may cut output by 25 pct due to coal shortages. Avantha Group,Crompton Greaves’ parent,in talks with three PE firms to raise $250 million.

Suzlon plans to raise $400 mn by selling 15 non-core assets.

Popularity continues to elude Nano,sales down 88 pct in April.

S&P,Moody’s may not raise India rating.

Adani Ports,Tata Steel discuss cargo handling at Dhamra.

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