Sensex, Nifty open higher as banking and financial stocks gain in early trade
3 weeks, 6 days ago

Sensex, Nifty open higher as banking and financial stocks gain in early trade

India Today  

Benchmark stock market indices opened higher on Thursday, driven by gains in heavyweight banking and financial sector stocks in early trade. The S&P BSE Sensex gained 115.61 points to 74,717.73, while the NSE Nifty50 added37.30 points to 22,584.85 as of 9:20 AM. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said that since a broad rally in the market will need indications of recovery in growth and earnings, investors can focus on micros rather than macros in the near-term. This smart investor category might have been on the sell side since they move with the fundamentals, and, fundamentals have been deteriorating with the cyclical slowdown in GDP growth and corporate earnings.

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