India’s share market opened higher on Thursday with Sensex & Nifty inching towards their respective record peaks. Indian share markets have emerged as the best performers in 2017 with key indices Sensex & Nifty returning about 28 percent and with few days left in the year, stocks are expected to finish 2017 on a high note.
BSE Sensex traded higher by 7.43 points to 33,784.81, while the NSE Nifty50 rose 7.20 points, to 10,451.40 in the later morning hours..
Shares of HDFC, Hero MotoCorp, Larsen & Toubro, Sun Pharma, Adani Ports, Dr Reddy’s gained in the early trades, whereas the shares of Mahindra & Mahindra and IndusInd Bank fell during the hours.
Shares of Anil Ambani’s telecom company RCom which jumped 35% on Wednesday rose 8% in early trade today. Shares of RCom rose 7 percent to Rs18.37 before the joint lenders’ forum meeting scheduled to take place later on Thursday.
Shares of Maruti Suzuki India Ltd, Hindalco Industries, and M&M were trading to be the most active shares in terms of value on NSE in morning trade.
Commodity Gold: Gold prices inched higher as the dollar held steady. Spot gold had risen 0.2% to USD 1,263.65, US gold futures were rose up 0.2% at USD 1,267 an ounce.
The Indian rupee strengthened a bit against US dollar tracking gains in its Asian cues. The rupee opened at 64 per USD and was trading at 64.07 a dollar, up 0.08% from its last days’ close of 64.12