Stock markets open in the green, Nifty above 11,260

ANI
15 May 2019, 15:37 GMT+10

Mumbai (Maharashtra) [India], May 15 (ANI): Equity benchmark indices opened higher on Wednesday tracking cues from Asian peers.

At 10:15 am, the BSE SP Sensex was up 185 points at 37,503 while the Nifty 50 gained 45 points to 11,267.

At the National Stock Exchange, most sectoral indices were in the green during early hours. However, FMCG, media and PSU Bank were in the negative territory.

Among the gainers were Bharat Petroleum Corporation, Indian Oil, MahindraMahindra and HCL Tech.

But Jet Airways slipped to Rs 123.55 per share, down over 4 per cent, after four top executives resigned a day earlier.

The departure of Chief Executive Officer Vinay Dube, Chief Financial Officer Amit Agarwal, Company Secretary and Compliance Officer Kuldeep Sharma and Chief People Officer Rahul Taneja cast further doubts over the possible revival of the grounded airline.

The others which lost included Zee Entertainment, Yes Bank, power utility major NTPC, Indiabulls Housing Finance and Tata Motors.

Shares in Asia were led by strong gains in Chinese equities which rebounded after two days of losses.

Asian stocks moved up after US President Donald Trump's statement that he expected trade negotiations with China to be successful. Reports also said Beijing could release more economic stimulus to escalate growth. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tuscaloosa Times.

More Information

Business

Section

Founder and two executives of public company charged with fraud

WASHINGTON, DC - The U.S. Securities and Exchange Commission (SEC) on Friday charged the former chief executive officer of a ...

UAE leads Middle East in wooing China

ABU DHABI, UAE - Whilst the United States and China are at odds, impacting the economies of both countries, as ...

U.S. dollar in sharp recovery, stocks fall

NEW YORK, New York - Stocks in the U.S. defied the global trend on Friday and lost ground. Markets elsewhere ...

Publishing group announces 135 new tech jobs in Waterford, Ireland

WATERFORD, Ireland - The Agora Companies, the global publishing consortium, are to increase their workforce in Ireland by the creation ...

In Tokyo, Nikkei 225 rises by 420 points

SYDNEY, Australia - Stocks soared in Asia on Friday, while the U.S. dollar rebounded from sharp falls in New York.In ...

Education the biggest growth sector in UAE job postings

DUBAI, UAE - The United Arab Emirates has registered an impressive 18 percent growth in online job postings compared to ...

Alabama

Section