Sensex Opens Firm Amid Mixed Global Cues; GAIL Top Gainer

Indian indices in line with gains on the SGX Nifty which last was up by 0.90% opened firm after yesterday's carnage. Sensex was up at 45714 or 0.35%, while Nifty traded higher by 0.38% or 50 points at 13379 points

Early gainers on the Nifty have been HCL Tech, GAIL, Divis Labs, Tata Motors and Hindalco, while losers include HDFC, M&M, Kotak Mahindra, HDFC Bank and Asian Paints.

NIIT in its board meet on December 24 will consider buyback of equity shares. The scrip traded higher by over 4%.

Edelweiss Financial Services will raise up to Rs 200 crore through issuance of secured redeemable non-convertible debentures (NCDs). The scrip traded lower by as much as 1% on the BSE.

In the previous day's trade, FIIs were net sellers in the Indian equity market and offloaded position worth Rs. 323.55 crore.

At the time of writing this report, Asian markets were trading lower with Japan's Nikkei down over 0.5%, while Hong Kong's Hang Seng and Straits Times were weak by 0.12 and 0.24 percent, respectively. The weakness persisted as there are concerns that new highly infectious strain of Covid 19 may prolong global economic recovery.

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