Sensex up 1%; RIL rises,Maruti fallshttps://indianexpress.com/article/news-archive/web/sensex-up-1-ril-rises-maruti-falls/

Sensex up 1%; RIL rises,Maruti falls

Sensex rose on Monday,with energy conglomerate Reliance Industries climbing on Q2 earnings.

Sensex rose more than 1 percent in early trade on Monday,with energy conglomerate Reliance Industries climbing on strong quarterly earnings.

Maruti Suzuki dropped more than 3 percent as the top car maker cited input costs and currency volatility as concerns .

Credit Suisse downgraded the stock to neutral from outperform.

At 9:15 a.m. (0345 GMT),the 30-share BSE index was up 1.35 percent at 20,302.44 points,with 28 components advancing.

Reliance Industries rose as much as 2.7 percent after posting its highest quarterly profit in nearly three years.

Hero Honda,the country’s top motorcycle maker,was down 2.5 percent after it reported a 15 percent drop in September quarter profit.

The 50-share NSE index was up 1.3 percent at 6,093.55.

Pre-Open: Sensex to open higher: HDFC Securities

Sensex is likely to open higher in line with other Asian indices,said HDFC Securities in its morning list. However,it could run into resistance at higher levels. Among the sectoral indices,oil & gas and banking stocks could outperform while PSUs are looking weak,added the note.

Asian shares trade higher on China PMI

Asian shares are mostly trading higher on Monday,lifted by surprisingly strong manufacturing data from China,while the dollar shot up from a 15-year low against the yen,stirring speculation of Japanese intervention.

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At 8.33 a.m.,Hang Seng was up 1.94 percent at 23,543.34,Japan’s Nikkei was down 0.18 percent at 9,186.61,Korea Composite Stock Price Index was up 1.05 percent at 1,902.65 and Singapore’s Straits Time Index was up 1.55 percent at 3,191.02 points.